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  • MIL-OSI USA: Announcing the NYC DRI and NY Forward Program Winner

    Source: US State of New York

    overnor Kathy Hochul today announced that the Bronx neighborhood of Greater Morris Park will receive $20 million in funding as the New York City winner of the eighth round of the Downtown Revitalization Initiative (DRI) and the third round of NY Forward. Recognizing the unique scale and density of New York City neighborhoods, New York City NY Forward and DRI funding are being combined into one $20 million award. For Round 8 of the DRI and Round 3 of the NY Forward Program, each of the state’s 10 economic development regions are being awarded $10 million from each program, to make for a total state commitment of $200 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods.

    “We are making an historic investment in Greater Morris Park with this $20 million combined award from our Downtown Revitalization Initiative and NY Forward programs,” Governor Hochul said. “Through this investment, we’re giving local leaders the tools they need to enhance the quality of life for New Yorkers in their community, draw visitors, and spur economic opportunity in the Bronx for generations to come.”

    To receive funding from either the DRI or NY Forward program, localities must be certified under Governor Hochul’s Pro-Housing Communities Program – an innovative policy created to recognize and reward municipalities actively working to unlock their housing potential and encourage others to follow suit. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to increase their housing supply; to date, 277 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $100 million fund to assist certified Pro-Housing Communities with critical infrastructure projects necessary to create new housing as well as $10.5 million for technical assistance grants to help communities design and adopt policies that foster housing growth.

    Many of the projects funded through the DRI and NY Forward support Governor Hochul’s affordability agenda. The DRI has invested in the creation of more than 4,400 units of housing – 1,823 of which are affordable or workforce. The programs committed over $8.5 million to 11 projects that provide affordable or free childcare and childcare worker training. DRI and NY Forward have also invested in the creation of public parks, public art (such as murals and sculptures) and art, music and cultural venues that provide free outdoor recreation and entertainment opportunities.

    $20 Million Combined Downtown Revitalization Initiative and NY Forward Award for Greater Morris Park, Bronx
    Greater Morris Park is largely composed of Bronx Community District 11, as well as part of Community District 10. The neighborhood is home to many medical facilities, comprising one of the largest employment centers in the Bronx, and a top ten job center in all of New York City. This includes the Albert Einstein College of Medicine, Jacobi Medical Center, Calvary Hospital, Montefiore Medical Center, and the Bronx Behavioral Health Center. The Albert Einstein College of Medicine made headlines this year by announcing a generous billion-dollar endowment guaranteeing free tuition to all medical students in perpetuity. The area expects growth in population and economic activity from planned zoning and infrastructure changes, including two new Metro-North stations in the area.

    Morris Park’s vision is to transform the area into a premier transit-oriented development hub leveraging the addition of expanded Metro-North commuter rail service and rezoning, which will allow additional commercial and residential growth to bolster existing economic activity and drive future economic and employment growth. The community’s plan will also support Morris Park’s status as the second largest job center in The Bronx while maximizing the transformative impact of the new commuter rail service. This vision will enable Greater Morris Park to become a complete community that would feature safe streets, green public spaces, and intermodal connections. The Metro-North expansion presents a once-in-a-lifetime opportunity to put in motion transformative changes that will allow both residents and local businesses of Morris Park to thrive.

    New York Secretary of State Walter T. Mosley said, “Morris Park is a vibrant community full of rich history and cultural heritage that is ripe for revitalization. This $20 million in funding will allow the community to leverage its newly expanded rail service to drive both residential and commercial growth, making Morris Park an ideal place for new and existing residents to live, work and play. Congratulations to Morris Park and all of the Bronx!”

    Empire State Development President, CEO and Commissioner Hope Knight said, “The $20 million investment in Greater Morris Park represents a strategic opportunity to transform one of the Bronx’s key economic engines into an even more vibrant, transit-oriented community. By leveraging the area’s strong medical and educational institutions alongside the planned Metro-North expansion, we’re creating the conditions for sustainable economic growth while ensuring residents benefit from improved connectivity, enhanced public spaces, and new housing opportunities. This investment exemplifies Governor Hochul’s commitment to community-driven revitalization that creates inclusive prosperity across New York State.”

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Today’s $20 million DRI and NY Forward award represents a monumental investment in Morris Park that will enable a growing neighborhood to flourish and gain vibrancy through transit-oriented development. This is only the latest example of Governor Hochul’s commitment to helping our State’s communities meet their full potential with targeted investments backed by local leaders. I look forward to seeing DRI and NY Forward’s transformative impact on Morris Park.”

    NYCREDC Co-Chairs Félix V. Matos Rodríguez, City University of New York Chancellor and William D. Rahm, CEO of Everview Partners, said, “Greater Morris Park stands at a pivotal moment in its development, with world-class medical institutions and the upcoming Metro-North stations creating unprecedented momentum. This $20 million award will help the community harness these assets while addressing critical needs for improved streetscapes, intermodal connections, and quality public spaces. We’re proud to support a vision that strengthens Morris Park while creating a more livable, accessible, and sustainable neighborhood for all who live and work there.”

    Bronx Borough President Vanessa L. Gibson said, “Today’s announcement by Governor Kathy Hochul of $20 million in downtown revitalization initiative funding for Morris Park is a significant investment in the Bronx and a huge win for our borough! We have an incredible, once-in-a-lifetime opportunity to position the Greater Morris Park community as a critical intermodal transit hub that will drive future growth and dramatically enhance the economic vitality of The Bronx. As the second-largest employment center in The Bronx and a top 10 business hub across all of New York City, Greater Morris Park has already positioned itself to be a vital economic engine for the borough and the greater New York City region. We are grateful for the Governor’s continued leadership in recognizing the incredible economic potential of our borough to create job growth and career opportunities for our residents. This historic investment will help build a brighter future for Morris Park and the entire borough. We are excited to see this $20 million financial commitment and are grateful for our Bronx Economic Development Corporation team, led by our President Rob Walsh, our Bronx Tourism Council, and our Planning & Development team. We remain committed to advocating for funding that supports all our communities, ensuring the Bronx continues to strive and thrive in `25 and beyond.”

    State Senator Nathalia Fernandez said, “This is a major investment for Morris Park and the Bronx. Governor Hochul’s support through the Downtown Revitalization Initiative lays the foundation for a stronger, more vibrant Bronx. I look forward to seeing this help strengthen local businesses, improve public spaces, and create new opportunities for the community.”

    Assemblymember John Zaccaro, Jr. said, “I would like to extend my thanks to Governor Hochul and her team for having the foresight to select the Greater Morris Park area of the Bronx, a community I proudly represent, as the recipient of a $20 million grant from the Downtown Revitalization Initiative and NY Forward programs. The Greater Morris Park area is home to a growing number of small businesses owned and operated by members of our incredible and diverse community. This funding will ensure that these neighborhoods continue to thrive for years to come.”

    Assemblymember Karines Reyes, R.N said, “The Bronx is deserving of resources and investment. I applaud Governor Hochul and the agencies involved in making this $20 million funding award for the neighborhoods of the East Bronx. This commitment to housing, planning, transit, and the beautification of our communities will continue to reinforce and elevate the commitment that residents have for our neighborhoods. I am thankful for Governor Hochul’s leadership on this issue and look forward to seeing these investments come to fruition for our region of the Bronx.”

    The Bronx Economic Development Corp President Rob Walsh said, “This $20 million investment is a transformative moment for Greater Morris Park and the Bronx. It will fuel small businesses, improve infrastructure, and drive lasting economic growth. BXEDC, alongside the Bronx Borough President’s Office, is committed to ensuring this funding creates real opportunities for businesses and residents alike. We thank Governor Hochul for her leadership and vision in empowering communities across New York City.”

    Greater Morris Park, Bronx will now begin the process of developing a Strategic Investment Plan to revitalize their downtowns. A Local Planning Committee made up of municipal representatives, community leaders and other stakeholders will lead the effort, supported by a team of private sector experts and state planners. The Strategic Investment Plan will guide the investment of DRI and NY Forward grant funds in revitalization projects that are poised for implementation, will advance the community’s vision for their downtown and that can leverage and expand upon the state’s investment.

    The New York City Regional Economic Development Council conducted a thorough and competitive review process of proposals submitted from communities throughout the region and considered all criteria before recommending these communities as nominees.

    About the Downtown Revitalization Initiative
    The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through eight rounds, the DRI will have awarded a total of $900 million to 89 communities across every region of the State.

    About the NY Forward Program
    First announced as part of the 2022 Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State’s revitalization efforts, regardless of size, character, needs and challenges.

    NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through three rounds, the NY Forward program will have awarded a total of $300 million to 60 communities across every region of the State.

    MIL OSI USA News –

  • MIL-OSI: Brookfield Corporation Announces Pricing of $500 Million Notes Due 2055

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, NEWS, Feb. 27, 2025 (GLOBE NEWSWIRE) — Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced the pricing of a public offering of $500 million principal amount of senior notes due 2055 (the “notes”), which will bear interest at a rate of 5.813% per annum.

    The notes will be issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on March 3, 2025, subject to the satisfaction of customary closing conditions.

    The notes are being offered under Brookfield and the issuer’s existing base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant to an effective registration statement on Form F-10 filed by Brookfield and the issuer with the U.S. Securities and Exchange Commission (File No. 333-279601). The offering is being made only by means of a prospectus supplement relating to the offering of the notes. You may obtain these documents for free on EDGAR at www.sec.gov/edgar or on SEDAR+ at www.sedarplus.ca. Before you invest, you should read these documents and other public filings by Brookfield for more complete information about Brookfield and this offering.

    Alternatively, copies can be obtained from:

    Deutsche Bank Securities Inc.
    1 Columbus Circle
    New York, NY 10019
    Attn.: Prospectus Group
    Telephone: 1-800-503-4611
    Email: prospectus.CPDG@db.com    		 SMBC Nikko Securities America, Inc.
    277 Park Avenue
    New York, NY 10172
    Attn: Debt Capital Markets
    Telephone: 1-212-224-5135
    Email: prospectus@smbcnikko-si.com
       

    This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes described herein, nor shall there be any sale of these notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The notes being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the base shelf prospectus or the prospectus supplement.

    About Brookfield Corporation

    Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.

    We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

    For more information, please contact:

    Media:  Investor Relations:
    Kerrie McHugh Katie Battaglia
    Tel: (212) 618-3469 Tel: (212) 776-2252
    Email: kerrie.mchugh@brookfield.com  Email: katie.battaglia@brookfield.com
       

    Forward-Looking Statements

    This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to the offering, the use of proceeds from the offering and the expected closing date of the offering.

    Although Brookfield believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States, not presently known to Brookfield, or that Brookfield currently believes are not material, could cause actual results to differ materially from those contemplated or implied by forward-looking statements.

    Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Rigetti Computing Announces Strategic Collaboration Agreement with Quanta Computer to Accelerate Development and Commercialization of Superconducting Quantum Computing

    Source: GlobeNewswire (MIL-OSI)

    BERKELEY, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has entered into a strategic collaboration agreement with Quanta Computer Inc., (“Quanta”, TWSE: 2382.TW) a Taiwan-based Global Fortune 500 company and the global leader of computer server manufacturing, to accelerate the development and commercialization of superconducting quantum computing.

    The companies have committed to investing more than $100 million each over the next five years, with both sides focusing on their complementary strengths to develop superconducting quantum computing technologies. In addition, Quanta will invest $35 million and purchase shares of Rigetti, subject to regulatory clearance.

    The quantum computing industry is poised to experience rapid growth in the next 5 years, with increasing commercial interest and the market expected to reach $1-2 billion/year by 20301. Of the quantum computing modalities, superconducting qubits are proven to have many advantages over ion trap and neutral atoms, including fast gate speeds and well-established manufacturing techniques from the semiconductor industry.

    “Quanta’s investment in Rigetti will strengthen our leadership in this flourishing market. Our companies’ complementary strengths — Rigetti as a pioneer in superconducting quantum technology, with open, modular architecture enabling incorporation of innovative solutions across different parts of the stack easily, and Quanta as the world’s leading notebook/server manufacturer with $43 billion in annual sales — will help to put us at the forefront of the quantum computing industry,” says Dr. Subodh Kulkarni, Rigetti CEO.

    1“Quantum Computing On Track to Create Up to $850 Billion of Economic Value By 2040,” BCG, July 18, 2024

    About Rigetti
    Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at https://www.rigetti.com/.

    About Quanta Computer
    Quanta Computer Inc. is a Fortune Global 500 Company and a leader in worldwide notebook manufacturing, as well as a leading solution provider in cloud computing. Quanta provides innovative products with superior technology in information and communications, consumer electronics, cloud computing, smart home solutions, smart automobile solutions, smart healthcare, and AIoT, etc. Founded in 1988 and listed in TWSE since 1999, Quanta Computer is headquartered in Taiwan with manufacturing and service locations across Asia, Americas, and Europe, etc. FY2024 consolidated revenues for Quanta Computer amounted to US$43 billion with a workforce of approximately 60,000 employees worldwide. For further information, please visit Quanta Computer’s website at www.quantatw.com.

    Rigetti Media Contact
    press@rigetti.com

    Cautionary Language and Forward-Looking Statements
    Certain statements in this communication may be considered “forward-looking statements” within the meaning of the federal securities laws, including statements with respect to the Company’s future success and performance, including expectations with respect to timing of the development and commercialization of superconducting quantum computing; the expectation that Rigetti and Quanta will each invest more than $100 million over the next five years; expectations regarding Quanta’s anticipated $35 million investment in the Company through a purchase of the Company’s common stock; anticipated regulatory clearance; expectations regarding the advantages and impact of the strategic collaboration agreement with Quanta Computer on our operations, technology roadmap, milestones, and our position in the industry; anticipated market size of the quantum computing industry over the coming years; and the possibility that superconducting qubits will function better than ion trap and neutral atoms. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to achieve milestones, technological advancements, including with respect to its technology roadmap; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the success of the Company’s partnerships and collaborations, including the strategic collaboration with Quanta Computer; the Company’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; costs related to operating as a public company; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives and expansion plans; the expected use of proceeds from the Company’s past and future financings or other capital; the sufficiency of the Company’s cash resources; unfavorable conditions in the Company’s industry, the global economy or global supply chain, including rising inflation and interest rates, deteriorating international trade relations, political turmoil, natural catastrophes, warfare and terrorist attacks; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.

    The MIL Network –

  • MIL-Evening Report: Farming cooperatives can get a bad environmental rap, but they can also be a force for good

    Source: The Conversation (Au and NZ) – By Stefan Korber, Senior Lecturer in Innovation and Entrepreneurship, University of Auckland, Waipapa Taumata Rau

    Shutterstock

    It might have surprised some people when the United Nations made 2025 the International Year of Cooperatives and praised the “significant role cooperatives play in advancing the implementation of the Sustainable Development Goals”.

    Because cooperatives certainly have their critics. Economically, cooperative principles such as democratic ownership and governance are sometimes linked to inefficiency, low competitiveness and conservative decision-making.

    Environmentally, agricultural cooperatives can be portrayed as ecologically suspect and immune to effective regulation. New Zealand’s cooperative dairy giant Fonterra, for example, has been labelled “New Zealand’s worst climate polluter” by Greenpeace due to the methane emissions and effluent its cows produce.

    Obviously there is a major political dimension to that argument. But our recent research suggests agricultural cooperatives can also play a positive role when it comes to sustainable development – precisely because of their inherently diverse and democratic structure.

    Cooperatives are basically associations of individuals or businesses who voluntarily join to meet common economic, social or cultural needs. Jointly owned and democratically controlled, their profits are distributed among members rather than external shareholders.

    We interviewed individuals – from farmers to top-level managers and directors – in three New Zealand agricultural cooperatives. We wanted to shed more light on how their model can work to address one of the most pressing challenges New Zealand faces: sustainable land and water use.

    Spreading innovative ideas

    The three horticultural and dairy co-ops in our study collectively employ around 800 staff and are part of important value chains that connect New Zealand farmers to foreign markets. Industry experts described them as especially innovative in tackling sustainability challenges.

    For decades, industrialised agriculture has exacerbated land degradation by draining natural aquifers for farming, polluting land and water with effluent runoff, and creating food safety concerns about chemical residues.

    However, the co-ops in our study have developed methods and approaches to respond to these problems by enabling collaboration between members and external stakeholders. They also leverage some good old “number 8 wire” thinking from their farmers.

    First, organised workshops enable members to learn about the latest policy requirements and how customer expectations are changing. Instead of presenting ready-made solutions, the cooperatives support their farmers to experiment with novel ideas in response to identified problems.

    Motivated by increased awareness of ecological issues, some farmers came up with pioneering solutions, such as novel effluent systems, that made a positive environmental impact and saved money.

    Because of their networked structure, cooperatives can help innovative ideas spread rapidly across the broader membership. Farmers take pivotal roles, acting as champions and “thought leaders” to promote new ideas on roadshows and at field days.

    Networked learning: farmers become ‘thought leaders’ within cooperatives, spreading knowledge and innovative ideas.
    Shutterstock

    Building collaboration and trust

    Secondly, our co-ops ensured solutions developed on the farm held up to scientific scrutiny. They established working groups where researchers from public research institutes collaborated with farmers to develop solutions that worked for everyone.

    The most promising ideas even receive funding to conduct on-farm trials to test their real-world application, and that they meet the practical requirements of farmers.

    Explaining why getting farmers and scientists in the same room was vital, one cooperative manager told us:

    A lot of farmers often see science as purely academic and not practical. So, giving the farmers a say in that whole process is vital. You’ve got to instil that trust […] that’s when you are getting results.

    Third, the cooperatives codify novel agricultural methods into best-practice guidelines and audit them regularly. By combining these efforts, cooperatives can achieve widespread acceptance of new farming practices that are scientifically validated but also practical.

    Power in the collective

    Ultimately, our findings show large-scale sustainable transformation rests on finding ways to orchestrate the efforts of many individuals and organisations towards a common goal.

    To be sure, we are not saying some cooperatives and their members don’t also contribute to climate change. But we are suggesting they can play a more positive and proactive role than typically assumed.

    A lot of attention these days is paid to investor-owned, multinational corporations that seek to tackle complex challenges with technical solutions. Similarly, small-scale “ecopreneurial” initiatives that make a difference locally often find media and public favour.

    But it’s questionable whether single organisations, small or large, can galvanise the large-scale changes contemporary challenges demand.

    Cooperatives, on the other hand, are inherently diverse. They can represent the interests of local communities better than organisations controlled by often distant shareholders.

    As such, they are ideally placed to coordinate and facilitate the collaborative solutions needed to develop and implement sustainable transformation.

    The author acknowledges his colleagues in this research project: Lisa Callagher (University of Auckland), Frank Siedlok (University of St Andrews) and Ziad Elsahn (Lancaster University).

    Stefan Korber does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Farming cooperatives can get a bad environmental rap, but they can also be a force for good – https://theconversation.com/farming-cooperatives-can-get-a-bad-environmental-rap-but-they-can-also-be-a-force-for-good-250905

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Senators Marshall and Fischer Introduce the Nationwide Consumer and Fuel Retailer Choice Act of 2025

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall
    Washington, DC – U.S. Senators Roger Marshall, M.D. (R-Kansas) and Deb Fischer (R-Nebraska) introduced the Nationwide Consumer and Fuel Retailer Choice Act of 2025, which would allow the year-round, nationwide sale of E15, a gasoline blend that contains 15% ethanol.
    Increasing the availability of biofuels like E15 would benefit the economy by lowering fuel prices and providing certainty in fuel markets for farmers and consumers. This legislation is the only permanent, nationwide solution to fulfilling President Donald Trump’s mandate for energy independence and rolling back years of burdensome regulations.
    “America’s biofuels industry provides consumers with a carbon-reducing fuel option at the gas pump. This bipartisan legislation ensures E15 can be sold at gas stations year-round and guarantees farmers will continue to make the world cleaner, safer, and better for years to come,” said Senator Marshall. 
    “It’s time to once and for all solidify President Trump’s pledge to allow the sale of year-round E15—giving America’s producers and consumers the certainty they deserve. My bill will put an end to years of patchwork regulations and finally make nationwide, year-round E15 a reality. I look forward to working with my colleagues in the House and the Senate, as well as with President Trump, to get this bill signed into law,” said Senator Fischer.
    Joining Senators Marshall and Fischer are Majority Leader John Thune (R-South Dakota) and Senators Tammy Duckworth (D-Illinois), Shelley Moore Capito (R-West Virginia), Amy Klobuchar (D-Minnesota), Pete Ricketts (R-Nebraska), Dick Durbin (D-Illinois), Jerry Moran (R-Kansas), Chuck Grassley (R-Iowa), Tammy Baldwin (D-Wisconsin), Joni Ernst (R-Iowa), Tina Smith (D-Minnesota), and Mike Rounds (R-South Dakota). 
    U.S. Representatives Adrian Smith (R-Nebraska-03) and Angie Craig (D-Minnesota-02) introduced the companion legislation in the House.
    This legislation is supported by American Petroleum Institute, Renewable Fuels Association, Growth Energy, National Corn Growers Association, National Farmer Union, and National Association of Convenience Stores.
    Click HERE to read the bill text.
    Background:
    Under President Biden, there were restrictions on sales of E15 gasoline in summer months due to alleged environmental concerns.
    Last month, President Trump took steps to make E15 available year-round through his Executive Order Declaring a National Energy Emergency.
    This legislation would make President Trump’s executive order permanent.
    Senator Marshall has been a leader on this issue in the Senate, fighting for the U.S. Treasury Department to restrict the eligibility of the 45Z Tax Credit to renewable fuels made only from domestically sourced feedstocks, like Kansas soybean oil and corn oil.
    Read more about Senator Marshall’s leadership on this issue below:

    MIL OSI USA News –

  • MIL-OSI Canada: Budget 2025: Meeting the challenge in health and education

    Budget 2025 makes another record health care investment of $28 billion for a refocused health care system that ensures every Albertan has access to high-quality, reliable services close to home. The budget supports the government’s plan to provide targeted, specialized care in the four areas of acute care, primary care, mental health care and continuing care.

    With the highest-ever operating budget of $9.9 billion for education from kindergarten to Grade 12, Budget 2025 will help hire thousands more teachers and support staff, lower class sizes and provide enhanced educational support to students with complex needs.

    The budget invests $2.6 billion in capital dollars over three years, an increase of 23.9 per cent from the last budget. This includes $225 million to advance the planning and design of 30 new schools, five replacement schools, three modernization school projects, three public charter school projects and modular classrooms. These schools are in addition to the 22 that have been advanced to the next construction phase under the School Construction Accelerator Program, launched in fall 2024. Another 28 projects are in other stages of construction. Alberta’s government is committed to building much needed schools across the province and aims to deliver more than 100 new and updated schools – or about 200,000 student spaces – over the next seven years.

    “All Albertans deserve access to the best our health care and education systems have to offer. Alberta is growing as many families choose us as home. Budget 2025 will help meet the growing demands of the province while continuing to provide the services Albertans have come to trust and rely on.”

    Nate Horner, President of Treasury Board and Minister of Finance

    Budget 2025: Strengthening health care

    Budget 2025 supports the government’s plan to build a refocused health care system that will provide Albertans with the necessary care when and where they need it.

    Health investments across the refocused health care system in Budget 2025 include:

    • $644 million for primary care to attach every Albertan with a primary care team and improve access to family doctors and frontline health-care professionals. This includes $20 million to support the work of nurse practitioners.
    • $4.6 billion for acute care, to support increases to services to meet volume and costs, and to improve the acute care system in hospitals, urgent care centres, chartered surgical and other health facilities.
    • $45 million for Indigenous health initiatives over three years, to help address health inequities and promote health, wellness and increased choice.
    • $7 billion for physician compensation and development, including $15 million for recruitment and retention.
    • $1.9 million for drugs and supplemental health benefits including the seniors drug program, which is the largest component that supports more than 700,000 seniors.
    • $1.7 billion to support addiction and mental health services to increase access to the supports Albertans require to pursue recovery and personal wellness. This includes implementation of the compassionate intervention framework, support for Recovery Alberta services, new recovery communities, and to expand mental health classrooms for clinical support to students with complex mental health needs.
    • $3.8 billion for Assisted Living Alberta, the new provincial continuing care health agency, which will provide wraparound medical and non-medical supports, home care, community care and social services.

    A total of $3.6 billion in capital dollars over three years will support new urgent care and primary care centres, build capacity at existing hospitals, expand surgical capacity, enhance rural hospitals and health facilities, and replace aging equipment to support improved health outcomes. This includes:

    • $769 million to support transformational changes in continuing care, increase the number of assisted living spaces and modernize existing assisted living homes in Alberta.
    • $265 million for the Alberta Surgical Initiative capital program to expand, renovate and build more operating rooms to boost surgical capacity.
    • $207 million for the development of specialized compassionate intervention facilities to provide care for patients.
    • $168 million in new funding to enhance diagnostic capabilities across the province.
    • $148 million to continue building Recovery Communities. A total of 11 recovery communities, including five in Indigenous communities, have been approved, with the Calgary Recovery Community scheduled to open in 2025. So far, 200 new addiction treatment beds are operational in Red Deer, Lethbridge and Gunn.
    • $60 million over three years to purchase new EMS vehicles and ambulances, upgrade the existing fleet and buy more equipment.

    “Budget 2025 builds on our commitment to refocusing Alberta’s health care system, improving access for Albertans, and supporting frontline workers. With significant investments in primary care, capital projects, Indigenous health, and acute services, we are ensuring Albertans receive the care they need, when and where they need it.”

    Adriana LaGrange, Minister of Health

    “Alberta is an international leader in addiction treatment and recovery, driven by the Alberta Recovery Model. We remain committed to investing in the wellness of Albertans and providing those struggling with mental illness or addiction with the services they need to rebuild their lives. We are also committed to expanding access to treatment services by building new facilities across the province.”

    Dan Williams, Minister of Mental Health and Addiction

    Budget 2025: Investing in kindergarten through Grade 12 (K-12) education

    Albertans deserve world-class education for their families now and in the future. Budget 2025 provides an operating expense budget of $9.9 billion in 2025-26, a 4.5 per cent increase from the 2024-25 third-quarter forecast.

    • $54 million in 2025-26, along with $348 million more over the following two years will support additional enrolment growth.
    • an increase of $55 million in 2025-26, and another $94 million in each of the following two years, to adjust the funding formula for school authorities to provide increased sustainable funding for growth within the funding model.
    • In total, almost $1.1 billion will be provided over the next three years to address growth and hire more than 4,000 new teachers and classroom support staff.
    • More than $1.6 billion in 2025-26 will support students with specialized learning needs or groups of students who need additional help.
    • An investment of $55 million in 2025-26, a 20 per cent increase from last year, will allow school authorities to add staff and supports to complex classrooms so students receive the focus and attention they need.
    • $389 million over three years will provide increases to funding rates to cover the rising costs of maintaining educational facilities, unavoidable expenses like insurance and utilities, and providing programs and services to students.

    “Budget 2025 offers solutions to many of the challenges our education system is experiencing. We’re making new investments to hire more teachers, build more schools and give our youngest learners the strongest possible start. I’m excited to present this strong education budget to Albertans and am confident it will help keep our education system world-class.”

    Demetrios Nicolaides, Minister of Education

    As Alberta continues to attract families, workers, and businesses, strategic investments in health care and education will address current demands and lay the groundwork for long-term prosperity.

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on the economy.

    Related information

    • Budget 2025
    • Alberta Recovery Model

    Related news

    • Budget 2025: Meeting the challenge (Feb 27, 2025)
    • Budget 2025: Investing in Alberta’s future (Feb 27, 2025)

    Multimedia

    • Watch the Budget address
    • Watch the news conference
    • Listen to the news conference

    MIL OSI Canada News –

  • MIL-OSI Canada: Budget 2025: Investing in Alberta’s future

    As Alberta continues work to address increasing domestic and international economic pressures, Budget 2025 works to strengthen Alberta’s economy. This budget helps build communities, secure Alberta’s southern border and boost investments in the province’s economic future.

    “While we work closely with partners to find solutions to a possible trade conflict, we will continue our work to make sure Alberta’s economy is strong – in and outside of the energy sector – so that we can manage any turbulence that comes our way. Budget 2025 carves our path forward in the face of this uncertainty.”

    Nate Horner, President of Treasury Board and Minister of Finance

    Budget 2025: Supporting a strong workforce

    Alberta’s workforce is the backbone of the provincial economy. Budget 2025 continues the commitment to training and developing a skilled and resilient labour force to further grow Alberta’s economy and help businesses succeed, including: 

    • $26.1 billion over three years from the Capital Plan, to support about 26,500 direct and 12,000 indirect jobs each year through 2027-28.
    • $135 million for skilled trade programs such as apprenticeship and adult learning initiatives to help Albertans gain the skills and training needed for successful careers, and support access to job opportunities.
    • $2 billion in 2025-26 to support and expand early learning and child-care system so parents and caregivers can participate in training, education or work opportunities.  

    Budget 2025: Securing our borders

    • Alberta’s government is committed to being a good neighbour and trading partner, and part of this commitment involves taking measures to secure the Alberta-US border. Budget 2025 includes $29 million in 2025-26 for a new Interdiction Patrol Team within the Alberta Sheriffs to tackle illegal drug and gun smuggling, human trafficking, apprehension of persons attempting to cross the border illegally, and other illegal activities along Alberta’s international land border. Budget 2025 also includes a $15 million investment over two years for three new vehicle inspection stations located near borders to the USA.

    Budget 2025: Investing in post-secondary education

    Budget 2025 invests a total of $7.4 billion in post-secondary education, with an operating budget of $6.6 billion in 2025-26. This includes:

    • $78 million per year over the next three years to create more seats in apprenticeship classes across the province to build skilled trades and apprenticeship education that will respond to the needs of industry, support the economy and connect Albertans with jobs.
    • $113 million to support greater demand for scholarships and the Alberta Student Grant, with $60 million funded from the Alberta Heritage Scholarship Fund.
    • $4 million to the First Nations Colleges Grant which is distributed equally across five colleges in rural and remote Indigenous communities.

    “Our government is ensuring that Alberta students have the skills and training they need to meet the needs of today while preparing for the economy of the future. Budget 2025 makes foundational investments to meet the challenge of a rapidly growing population while supporting a sustainable post-secondary education system.”

    Rajan Sawhney, Minister of Advanced Education

    Budget 2025: Building communities

    Alberta’s vibrant communities make Alberta the best place in Canada to live, work and raise a family. Budget 2025 invests in stronger communities across Alberta, including:

    • $17.2 million to increase grants made to municipalities in lieu of property taxes on government-owned property to 75 per cent, up from the current 50 per cent. By next year, the province will cover 100 per cent of the amount that would be paid if the property was taxable.
    • $820 million this year and $2.5 billion over three years in Local Government Fiscal Framework capital funding to help fund local infrastructure priorities.

    Budget 2025: Supporting trade and diversification

    Alberta continues to champion economic growth and policies that support productivity. Through Budget 2025, Alberta’s government will continue to build on current successes through:

    • Attracting more investment through low corporate income taxes. At eight per cent, Alberta’s corporate income tax rate is 30 per cent lower than the next lowest province.
    • Providing greater incentive for small- and medium-sized firms that increase their spending on research and development, with Alberta’s Innovation Employment Grant.
    • Promoting Alberta as a reliable partner in supporting North American and global energy security to investors. The province will optimize new and existing infrastructure to access new markets for Alberta’s energy and mineral resources.
    • Supporting Alberta’s agriculture producers and value-added processors, addressing barriers to trade by cultivating export markets, and working to increase market access for Alberta products.
    • Reinforcing Alberta as a critical contributor to North American energy security by continuing to advocate for our remarkable energy sector across Canada, the U.S., Germany, Japan and the rest of the world.

    Budget 2025: Investing in business and industry

    Budget 2025 continues to find ways to help Alberta’s economy grow through investments in business and industry and help our economy grow, including:

    • Support to attract investment in Alberta’s energy and mineral resource sector to accelerate opportunities in emerging resources.
    • $45 million over three years for the Investment and Growth Fund to attract investment into Alberta’s economy.
    • $1.8 million in Western Crop Innovations for industry-leading crop research.
    • $780,000 to support small- and medium-sized meat processors.
    • $3.1 million for the University of Calgary’s Faculty of Veterinary Medicine to expand toward a full-service veterinary diagnostic laboratory. This will give livestock producers and vets access to quicker, more affordable livestock diagnostics closer to home.

    “Budget 2025 builds a stronger Alberta by growing industries, creating high-quality jobs and expanding opportunities for workers and families. With strategic investments in innovation, infrastructure and workforce development, Alberta is rising to the challenge, strengthening our province for many years to come.”

    Matt Jones, Minister of Jobs, Economy and Trade

    “We are advancing cutting-edge research in agriculture and supporting small and medium-sized businesses. Additionally, we are strengthening our agricultural infrastructure, ensuring quicker and more affordable services for livestock producers and veterinarians. We’re supporting innovation, attracting investment, and building a resilient economy for the future.”

    RJ Sigurdson, Minister of Agriculture and Irrigation

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on the economy.

    Related information

    • Budget 2025

    Related news

    • Budget 2025: Meeting the challenge (Feb 27, 2025)
    • Budget 2025: Meeting the challenge in health and education (Feb 27, 2025)

    Multimedia

    • Watch the Budget address
    • Watch the news conference
    • Listen to the news conference

    MIL OSI Canada News –

  • MIL-OSI Canada: Budget 2025: Meeting the challenge

    Source: Government of Canada regional news (2)

    MIL OSI Canada News –

  • MIL-OSI: NewHold Investment Corp III Announces Pricing of $175 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    New York, New York, Feb. 27, 2025 (GLOBE NEWSWIRE) — NewHold Investment Corp III (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the pricing of its initial public offering of 17,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant, which becomes exercisable 30 days after the completion of the Company’s initial business combination, will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are expected to trade on the Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbol “NHICU” beginning February 28, 2025. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “NHIC” and “NHICW,” respectively.

    BTIG, LLC is acting as sole book-running manager for the offering.

    The Company has granted the underwriter a 45-day option to purchase up to an additional 2,625,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on March 3, 2025, subject to customary closing conditions.

    A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 27, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: BTIG, LLC, 65 East 55th Street New York, New York 10022, or by email at ProspectusDelivery@btig.com, or by accessing the SEC’s website at www.sec.gov.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About NewHold Investment Corp III

    NewHold Investment Corp III is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination in any sector, the Company will primarily focus on growing industrial and business services companies. The Company is led by an experienced management team with Kevin Charlton as Chief Executive Officer, Samy Hammad as President and Chief Operating Officer and Polly Schneck as Chief Financial Officer. For more information visit https://nhicspac.com.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering (“IPO”) and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of NewHold Investment Corp III, including those set forth in the Risk Factors section of NewHold Investment Corp III’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. NewHold Investment Corp III undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contacts:

    Polly Schneck
    Chief Financial Officer
    pschneck@newholdllc.com

    Investor & Media Contact:
    Amanda Tarplin
    amanda@tarplinconsulting.com

    The MIL Network –

  • MIL-OSI: Lendmark Financial Services Expands Alabama Presence with Guntersville Branch, Marking its Sixth Branch Opening in 2025

    Source: GlobeNewswire (MIL-OSI)

    GUNTERSVILLE, Ala., Feb. 27, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Alabama footprint, opening a new branch in Guntersville and its 18th in the state.

    The branch is located at 11521 US 431, Suite K and is expected to serve hundreds of customers in its first year. Ryan Bendele, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “Planned and unplanned life events still happen, causing many consumers to look for financial resources to meet these needs,” said Patrick Jones, Vice President of Branch Operations at Lendmark. “Our team will be laser focused on serving the Guntersville community, delivering personalized and convenient household credit solutions that meet their respective financial needs.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 470-226-3828.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network –

  • MIL-Evening Report: First Vegas, then the world? Why the NRL is eyeing international markets

    Source: The Conversation (Au and NZ) – By Tim Harcourt, Industry Professor and Chief Economist, University of Technology Sydney

    This weekend, Australia’s National Rugby League (NRL) continues to trumpet its now annual pilgrimage to open its season in Las Vegas.

    While it’s only the second year of a five-year arrangement, the NRL claims its Vegas experiment has been a great success at a time when the league has been in excellent health on and off the field.

    But why is the Australian league hosting games in Las Vegas? And has this experiment paid dividends?

    The NRL has made the bold decision to play games at Las Vegas.

    The NRL’s Vegas play

    There are a few reasons behind the NRL’s Vegas venture, with money at the heart of it.

    It’s partly about future TV revenue and trying to grab a slice of the US sports gambling market.

    And then there’s sponsors – it’s allowed the NRL to fish in the larger US pond in terms of corporate involvement in the game.

    According to NRL CEO Andrew Abdo:

    Outside of the benefit we get here domestically, in America we’ve now got sponsors that are incremental. We would not have had these sponsors had we not been growing in America. We’ve got a successful travel experience for fans, and we’ve got incremental subscriptions on Watch NRL, so you’ve got real revenue coming in which allows to us to now invest in expansion, and invest in a better product here.

    The move is also part of a grand vision to grow the game internationally.

    The NRL has announced a team from Papua New Guinea will join the league in 2028. It is also aiming for more integration with the Super League in England, perhaps one day eyeing franchises in the US and the Pacific.

    The NRL is also conscious of the US National Football League’s venture into Melbourne in 2026 and the competition that could bring for Pacific talent.



    Read more:
    It’s the most American of sports, so why is the NFL looking to Melbourne for international games?

    There may also be some football diplomacy at play. For example, some Sharks players visited the Los Angles firefighters who fought the recent wildfires for some lessons on leadership and crisis management.

    What happened last year?

    The Vegas venture started a year ago with the Sydney Roosters playing the Brisbane Broncos and the Manly-Warringah Sea Eagles playing the South Sydney Rabbitohs in a groundbreaking double-header.

    These matches were the first NRL regular season games held outside Australia and New Zealand.

    The crowd at Allegiant Stadium, which holds 65,000 fans, surpassed all expectations, with 40,746 turning up when about 25,000 were expected.

    According to Steve Hill, CEO of the Las Vegas Convention and Visitors Authority, more than 14,000 fans flew from Australia for the games and many Aussie expats living in the US also made the trip.

    In terms of TV audiences in Australia, the experiment was a big hit.

    The Manly-South Sydney clash was the most-watched NRL game ever on Fox Sports, with 838,000 fans tuning in. The Roosters-Broncos contest drew a Fox Sports audience of 786,000.

    According to NRL chairman Peter V’Landys:

    There was a lot of success in Vegas last year that we didn’t even plan, and for me that was record viewership in Australia and […] record attendances at pubs and clubs.

    Stateside reaction

    Of course a lot of Aussies tuned in, but how about US viewers?

    Around 61,000 tuned into Manly-South Sydney while 44,000 watched the Roosters and Broncos, which is well below the threshold of 100,000 viewers for profitable sports broadcasting, according to TV ratings experts Sports Media Watch in the US.

    The NRL set up fan zones and other activities in the build-up to the games in Las Vegas to attract US fans and entertain the visting Aussie tourists.

    This year there will be even more on offer: there are four games instead of two, with the NRL bringing over the Canberra Raiders and the New Zealand Warriors, and reigning four-time premiers the Penrith Panthers and the Cronulla Sharks.

    In addition, there’s an English Super League game, with the Wigan Warriors taking on Warrington Wolves, as well as an Australia-England women’s Test match.

    Is it worth it?

    So, has it been worth all the expense for the NRL?

    According to V’Landys, the competition’s bottom line has been largely unaffected despite the significant costs of the games:

    This year there’s a possibility that we’ll actually return a profit on Vegas and if not, it’ll be a small loss.

    But he’s not leaving anything to chance. In fact, in a televised plea on US TV show Fox and Friends, V’Landys invited President Donald Trump to attend the game.

    Will the president attend? Unlike a major US event like the Superbowl, where Trump was the first sitting president to attend, there’s not a big domestic constituency for rugby league, so chances are he won’t join the revelry in Vegas.

    But it sounds like the NRL, on current projections, won’t need him.

    With the introduction of a new team in PNG in 2028 and a possible 19th outfit in Perth soon after, the NRL has showcased an impressive vision to take the game into new markets.

    Even if a tiny proportion of the US market jumps on board rugby league, it can only help take the game closer to to its goal of being the undisputed number one sport in Australia.

    Tim Harcourt does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. First Vegas, then the world? Why the NRL is eyeing international markets – https://theconversation.com/first-vegas-then-the-world-why-the-nrl-is-eyeing-international-markets-250622

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Jones heads to world’s largest mining conference

    Source: New Zealand Government

    The world’s largest annual mining conference will provide a platform to showcase to the international community the progress the Coalition Government is making to get the sector to work, Resources Minister Shane Jones says 

    Mr Jones is travelling tomorrow to the Prospectors and Developers Association of Canada conference in Toronto. The annual conference draws 30,000 attendees from 135 countries and is covered by around 400 accredited media companies.

    “This is where the global resources sector gets business done and it will be the first time for more than 10 years a New Zealand government minister will be there putting the case for investing in our country,” Mr Jones says

    “During the past year the Coalition Government has delivered for the resources sector. This major conference is our best opportunity yet to tell the international mining and investment community that New Zealand is moving from being ‘open for business’ to ‘doing business’ – and is ready for investment.

    “Our recently launched Minerals Strategy and Critical Minerals List clearly articulates what we have to offer and how the international community can invest. More investment in our minerals sector means more high-paying regional jobs, regional revenue and growth for our economy.

    “Participating in the Mines Minister Summit during the world’s biggest mining conference will provide an unrivalled opportunity to speak directly to the industry and investors about our transformative vision for the resources sector.

    “I will also be meeting industry CEOs, investment firms and ministerial counterparts to highlight how our fast-track legislation and our vision for the resources sector provides a golden opportunity for investment while delivering prosperity for New Zealanders.

    “I look forward to speaking to the world as we work towards our goal of doubling mineral exports to NZ$3 billion by 2035,” Mr Jones says.

    Mr Jones returns from Toronto on 7 March.

    MIL OSI New Zealand News –

  • MIL-OSI: James Altucher: Is Elon Musk About to Announce the Biggest IPO in History?

    Source: GlobeNewswire (MIL-OSI)

    Washington, D.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — Renowned tech forecaster James Altucher is making a bold prediction: Elon Musk may be preparing to unveil the largest initial public offering (IPO) in history, with Starlink at the center of it all. According to Altucher, March 13, 2025, could mark a pivotal announcement in Musk’s business empire, as Starlink moves toward what he is calling a “Super-IPO.”

    A Historic Moment for the Internet and Global Markets

    Since its inception, Starlink—SpaceX’s satellite-based internet provider—has redefined connectivity by offering fast, low-latency internet to even the most remote corners of the world. Unlike traditional broadband providers that rely on costly infrastructure, Starlink’s network of low-Earth orbit satellites delivers global coverage with unparalleled reliability.

    Now, Altucher suggests that Musk may finally be preparing to take Starlink public, a move that could surpass the largest IPOs in history and forever change the broadband industry. “Mark my words: what’s coming next is a radical new internet, powered directly by President Trump’s right-hand man, Elon Musk.” says Altucher.

    Why March 13, 2025, Matters

    Several key indicators suggest that Musk is on the verge of making a historic announcement:

    ●         Operational Milestone Reached: Musk has previously stated that Starlink would only go public once it had demonstrated sustained profitability. Recent reports confirm that the company has reached this stage.

    ●         Regulatory and Strategic Moves: SpaceX has quietly made a series of corporate structuring adjustments, which Altucher believes are a precursor to an IPO.

    ●         Market Disruption Potential: Starlink has grown to over 2.6 million users, disrupting the telecom industry by offering faster speeds and global coverage at competitive prices.

    The IPO That Could Reshape the Global Economy

    If Starlink does go public, it is expected to shatter records. For context, the largest IPO to date—Saudi Aramco—raised $26 billion. Altucher suggests that Starlink’s valuation could easily exceed $100 billion on its first day of trading, dwarfing any previous market debut.

    “History shows that situations like this are when everyday folks have the rare shot at getting extraordinarily rich.” Altucher explains. “Untold amounts of wealth are made over time by folks who see it coming.”

    A Defining Moment for Musk’s Legacy

    Elon Musk has already revolutionized industries with Tesla, SpaceX, and Neuralink. However, the potential IPO of Starlink could cement his place as one of the most impactful entrepreneurs of the modern era. A public Starlink would not only offer investors an opportunity to participate in its growth, but it could also provide the funding needed to accelerate global expansion and next-gen space-based communications.

    With March 13, 2025, rapidly approaching, Altucher urges the world to watch closely as Musk prepares for what could be the biggest financial and technological event of the decade.

    About James Altucher

    James Altucher is a leading technology forecaster, entrepreneur, and bestselling author, known for spotting industry-shifting trends before they happen. His expertise in finance, technology, and business strategy has been featured in The Wall Street Journal, CNBC. He has built multiple successful companies, advised top investors, and remains a trusted voice in identifying the next major opportunities in tech and business.

    The MIL Network –

  • MIL-OSI: U.S. Health Systems See Margin Declines to Start the Year While Hospital Margins Grow, According to Two New Strata Reports

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Operating margins for the nation’s health systems narrowed in January after climbing to a five-month high to end 2024. The median year-to-date health system operating margin was 1.0% for the month, down from 2.1% in December. It is the lowest health system operating margins have been in more than a year, after holding at 1.5% or above throughout 2024 following years of volatility.

    At the same time, the nation’s hospitals saw margins and revenues strengthen entering the new year, continuing trends seen in 2024, according to two new reports from Strata Decision Technology. The Monthly Healthcare Industry Financial Benchmarks report features a snapshot of the latest hospital performance data from January, and the quarterly Strata Performance Trends report provides a retrospective look at hospital and health system performance last year.

    “Health systems across the country had a shaky start to 2025,” said Steve Wasson, Strata’s Chief Data & Intelligence Officer. “While health system operating margins largely stabilized in 2024 after the turbulence of the pandemic, they remained uncomfortably thin. We saw encouraging trends with gross revenue growth outpacing expense increases last year. These and other positive performance trends will need to continue in 2025 for health systems to build a stronger foundation for margin growth.”

    For the nation’s hospitals, analysis of operating margin changes over time showed some improvement in January. The median change in hospital operating margin increased 1.9 percentage points from January 2024 to January 2025. Hospital revenues showed promising performance, with January marking the 21st consecutive month of year-over-year (YOY) increases in gross operating, inpatient, and outpatient revenues. Outpatient revenue increases continued to outpace inpatient revenue growth. Outpatient revenue jumped 9.2% YOY, while inpatient revenue increased 6.7% and gross operating revenue was up 8.3% YOY.

    Median gross revenue growth outpaced expense growth throughout 2024 for both hospitals and health systems. From 2023 to 2024, gross operating revenue rose 9.0% for the U.S. health systems and 7.5% for U.S. hospitals. By comparison, health system total expense was up 6.4% and hospital total expense increased 5.4% over the same period. 

    Labor expenses continued to climb in 2024 and in the first month of 2025, despite lower contract labor costs, as organizations focused on initiatives to retain employed staff. Total health system labor expense increased 5.7% and total hospital labor expense increased 4.2% for all of 2024 versus 2023. For the month of January 2025 versus January 2024, total hospital labor expense was up 4.0%.

    Total hospital non-labor expenses showed the highest growth rates in January compared to other expense categories. For January 2025 versus January 2024, total non-labor expense rose 5.6%, supply expense jumped 6.8%, and drugs expense was up 6.2%. Looking back at 2024, non-labor expense growth outpaced labor expense increases for the year, with total non-labor expense up 5.8% from 2023 to 2024 versus the 4.2% increase in total labor expense previously mentioned.

    Contract labor expense was the only expense category to decline in 2024, and those decreases were significant. From 2023 to 2024, contract labor expense dropped 22.7% for health systems and 37.5% for hospitals. These trends illustrate that organizations have successfully scaled back use of contract labor, which spiked during the pandemic due to widespread labor shortages and increased patient demand.

    About the Data 
    The report uses data from Strata’s StrataSphere® and Comparative Analytics database. Comparative Analytics offers access to near real-time data drawn from more than 135,000 physicians from over 10,000 practices and 139 specialty categories, and from 500+ unique departments across more than 1,600 hospitals. Comparative Analytics also provides data and comparisons specific to a single organization for visibility into how their market is evolving. StrataSphere is a unique and comprehensive data-sharing platform that helps providers leverage the power of a network that represents approximately 25% of all provider spend in U.S. healthcare. This report incorporates data from more than 600 hospitals with StrataJazz® Decision Support.

    About Strata Decision Technology 
    Strata Decision Technology provides a cloud-based platform for software and service solutions to help organizations better analyze, plan, and perform in support of their missions. With the combination of Syntellis Performance Solutions’ Axiom solutions, more than 2,300 organizations rely on Strata to provide their financial analytics, planning, and performance solutions. Strata has been named the market leader for Business Decision Support for 18 consecutive years. By uniting these two industry leaders, Strata continues to deliver market-leading solutions and world-class service, with an increased focus on accelerating innovation. For more information, please go to www.stratadecision.com.

    Syntellis Social Networks 
    LinkedIn: Strata Decision Technology
    Media contact: 
    Sally Brown, Inkhouse 
    strata@inkhouse.com

    The MIL Network –

  • MIL-OSI: Live Oak Acquisition Corp. V Announces the Pricing of $200,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, Feb. 27, 2025 (GLOBE NEWSWIRE) — Live Oak Acquisition Corp. V (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, February 28, 2025 under the ticker symbol “LOKVU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.  Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The warrants will become exercisable 30 days after the completion of the Company’s initial business combination, and will expire five years after the completion of the Company’s initial business combination or earlier upon redemption or its liquidation. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “LOKV” and “LOKVW,” respectively. The offering is expected to close on March 3, 2025, subject to customary closing conditions. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry. The Company’s management team is led by Richard Hendrix, its Chairman, Chief Executive Officer and the co-founder of Live Oak Merchant Partners (“Live Oak”), and Adam Fishman, its President, Chief Financial Officer, Director and a Managing Partner of Live Oak. The Board also includes Ashton Hudson, Jonathan Furer and Andrea Tarbox. Gary Wunderlich, Jr. will serve as a Senior Advisor.

    Santander US Capital Markets LLC is acting as the sole underwriter for the offering.  

    The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Santander US Capital Markets LLC, 437 Madison Avenue, New York, NY 10022, Attention: ECM Syndicate, by email at equity-syndicate@santander.us, or by telephone at 833-818-1602. A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on February 27, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.

    Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Contacts

    Live Oak Acquisition Corp. V
    4921 William Arnold Road
    Memphis, Tennessee 38117
    Attn: Adam Fishman
    E-mail: IR@liveoakmp.com

    The MIL Network –

  • MIL-OSI: James Altucher Predicts Elon Musk’s Starlink Poised for Historic Breakthrough: Possible “Super-IPO” Announcement on March 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Renowned entrepreneur and technology analyst James Altucher is predicting what could be the most significant technological shift of the decade. According to Altucher, all signs point to Elon Musk preparing to unveil a groundbreaking development as early as March 13, 2025—announcing an event he calls a “Super-IPO” that could redefine global connectivity forever.

    The Starlink Revolution

    Starlink, a division of SpaceX, has already disrupted traditional internet service providers by deploying a revolutionary satellite-based network. Unlike conventional broadband and 5G technology, Starlink’s system bypasses ground-based infrastructure, delivering fast, reliable, and uninterrupted internet access from anywhere on the planet—whether in a metropolitan hub or a remote rural location.

    Altucher explains that this technology is set to challenge legacy telecom giants, with Musk’s vision for a global, high-speed internet service that eliminates dead zones, enhances emergency response systems, and powers the next generation of digital communication. With over 2.6 million users already onboard and expansion accelerating, Starlink is at the forefront of a connectivity revolution.

    Key Developments Leading to a Major Announcement

    A series of key developments have fueled speculation about an imminent announcement:

    ●   Elon Musk’s Own Statements: In a previous statement, Musk confirmed that Starlink would go public once its cash flow became predictable—recent reports indicate this milestone has been reached.

    ●   Market Positioning: Analysts note that Starlink has surpassed critical operational thresholds, now servicing major commercial and government clients worldwide.

    ●   Government & Industry Integration: With ties to aerospace, defense, and global commerce, Starlink’s expanding role suggests a strategic alignment with the next phase of space-based communications.

    Altucher’s Perspective on This Historic Moment

    James Altucher states, “Mark my words: what’s coming next is a radical new internet, powered directly by President Trump’s right-hand man, Elon Musk”

    Further emphasizing the impact of this anticipated announcement, Altucher remarks, “History shows that situations like this are when everyday folks have the rare shot at getting extraordinarily rich”

    He draws comparisons to past technological revolutions, adding, “Untold amounts of wealth are made over time by folks who see it coming”

    What Comes Next?

    With March 13 on the horizon, all eyes are on Musk and his team as they prepare to potentially unveil what could be the largest technological leap forward in modern internet history.

    About James Altucher

    James Altucher is a bestselling author, entrepreneur, and technology analyst known for his deep insights into emerging trends and disruptive innovations. He has founded multiple companies, appeared on top financial media platforms, and built a loyal following through his expertise in finance, tech, and entrepreneurship. His work has been featured in The Wall Street Journal, CNBC

    Media Contact:

    Derek Warren
    Public Relations Manager
    Paradigm Press Group
    Email: dwarren@paradigmpressgroup.com

    The MIL Network –

  • MIL-OSI: Old National Bancorp to Present at the Raymond James & Associates and RBC Capital Markets Conferences

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., Feb. 27, 2025 (GLOBE NEWSWIRE) — Old National Bancorp (NASDAQ: ONB) Chairman and Chief Executive Officer Jim Ryan is scheduled to present at the Raymond James & Associates 46th Annual Institutional Investors Conference on Monday, March 3, 2025, at 1:40 p.m. Eastern Time. Mr. Ryan is also scheduled to present at the 2025 RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 4, 2025, at 10:40 a.m. Eastern Time.

    Interested investors may access the links for the live audio webcast of each event in the Investor Relations section at oldnational.com. A replay of each webcast will be made available on the same site.

    ABOUT OLD NATIONAL
    Old National Bancorp is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $54 billion of assets and $30 billion of assets under management, Old National ranks among the top 30 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2024, Points of Light named Old National one of “The Civic 50” – an honor reserved for the 50 most community-minded companies in the United States.

    Investor Relations:
    Lynell Durchholz
    (812) 464-1366
    lynell.durchholz@oldnational.com

    Media Relations:
    Rick Vach
    (904) 535-9489
    rick.vach@oldnational.com

    The MIL Network –

  • MIL-OSI: Intermap Announces Date for 2024 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Feb. 27, 2025 (GLOBE NEWSWIRE) — Intermap Technologies (TSX: IMP; OTCQB: ITMSF) (“Intermap” or the “Company”), a global leader in 3D geospatial products and intelligence solutions, today announced that it plans to release fourth quarter and full year 2024 financial results after market close on Thursday, March 27, 2025.

    Intermap’s CEO Patrick A. Blott, CFO Jennifer Bakken and COO Jack Schneider will host a live webinar on Thursday, March 27, 2025, at 5:00 pm ET to review the results, provide Company updates and answer investor questions following the presentation.

    Intermap invites shareholders, analysts, investors, media representatives and other stakeholders to attend the earnings webinar to discuss fourth quarter 2024 results.

    CONFERENCE CALL DETAILS
    DATE:     Thursday, March 27, 2025
    TIME:     5:00 pm ET
    WEBCAST:     Register

    A recording of the webinar and supporting materials will be made available in the investor’s section of the Company’s website at https://www.intermap.com/investors.

    Intermap Reader Advisory 
    Certain information provided in this news release, including reference to revenue growth, constitutes forward-looking statements. The words “anticipate”, “expect”, “project”, “estimate”, “forecast”, “will be”, “will consider”, “intends” and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

    About Intermap Technologies 

    Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQB: ITMSF) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap’s 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world’s largest collection of multi-sensor global elevation data, the Company’s collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap’s products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. 

    For more information, please visit www.intermap.com or contact:
    Jennifer Bakken
    Executive Vice President and CFO
    CFO@intermap.com
    +1 (303) 708-0955

    Sean Peasgood
    Investor Relations
    Sean@SophicCapital.com
    +1 (647) 7260-9266

    The MIL Network –

  • MIL-OSI: Guardian Capital Group Limited (TSX: GCG; GCG.A) Announces 2024 Annual Operating Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) —

    All per share figures disclosed below are stated on a diluted basis.

    For the years ended December 31,       2024     2023  
    ($ in thousands, except per share amounts)        
             
    Net revenue     $ 323,403   $ 241,182  
    Operating earnings       38,824     59,849  
    Net gains       77,444     57,787  
    Net earnings from continuing operations       101,598     102,162  
    Net earnings from discontinued operations       —     554,933  
    Net earnings       101,598     657,095  
             
             
    EBITDA(1)     $ 70,874   $ 85,424  
    Adjusted cash flow from operations(1)       57,536     72,763  
             
             
    Attributable to shareholders:        
    Net earnings from continuing operations     $ 100,099   $ 100,250  
    Net earnings       100,099     562,929  
    EBITDA(1)       68,248     82,247  
    Adjusted cash flow from operations (1)       54,884     69,581  
    Per share, diluted:        
    Net earnings from continuing operations     $ 4.10   $ 3.99  
    Net earnings       4.10     22.12  
    EBITDA(1)       2.82     3.29  
    Adjusted cash flow from operations (1)       2.28     2.79  
             
    As at December 31, 2024       2024     2023  
    ($ in millions, except per share amounts)        
             
    Total client assets     $ 168,979   $ 58,774  
    Shareholders’ equity       1,318     1,241  
    Securities, net (1)       1,211     1,318  
    Per share, diluted:        
    Shareholders’ equity (1)     $ 53.76   $ 49.39  
    Securities, net (1)       49.38     52.44  
             
             

    The Company is reporting Total Client Assets (which includes assets under management and assets under advisement) of $169.0 billion as at December 31, 2024, an increase of $110.2 billion from $58.8 billion as at December 31, 2023. The current year’s Total Client Assets include $104.8 billion associated with Charlotte, North Carolina-based Sterling Capital Management LLC (“Sterling”) and Toronto, Canada-based Galibier Capital Management Ltd (“Galibier”), both of which were acquired during the current year.

    The Operating earnings were $38.8 million for the year ended December 31, 2024, compared to $59.8 million in the prior year. EBITDA(1) was $70.9 million in 2024, compared to $85.4 million in the prior year. Both of these measures were dampened by approximately $14.4 million in expenses related to the above mentioned acquisitions and the associated initial integration expenses (“Transitional expenses”).

    Net revenue for the year was $323.4 million, a 34% or $82.2 million increase from $241.2 million in the prior year. The inclusion of Sterling’s and Galibier’s Net revenue accounted for $75.4 million, or 31% of the increase. The remainder of the increase was driven by the growth in Total Client Assets from the prior year, partially offset by lower interest income earned in the current year. Operating expenses were 57% higher in the current year at $284.6 million, compared to $181.3 million in the prior year. The addition of operating expenses from Sterling and Galibier and the related Transitional expenses accounted for 46% of the increase.

    Net gains in 2024 were $77.4 million, compared to Net gains of $57.8 million in 2023, which largely reflect the changes in fair values of the Company’s Securities portfolio, and are consistent with performance of the global financial markets.

    Net earnings attributable to shareholders from continuing operations were $100.1 million in 2024, compared to $100.3 million in 2023.

    Adjusted cash flow from operations(1) in 2024 was $57.5 million, compared to $72.8 million in 2023.

    During 2024, the Company returned to shareholders $35.6 million in dividends and $24.9 million in share buybacks.

    The Company’s Shareholders’ equity as at December 31, 2024 was $1,318 million, or $53.76 per share(1), compared to $1,241 million, or $49.39 per share(1) as at December 31, 2023. The Company’s Securities, net(1) as at December 31, 2024 had a fair value of $1,211 million, or $49.38 per share(1), compared to $1,318 million, or $52.44 per share(1). The decline in the net holdings of Securities was due to the Company utilizing a portion of the portfolio to fund the acquisitions of Sterling and Galibier, share buybacks and tax liabilities arising from the sale of Worldsource businesses in the prior year, partially offset by market appreciation during the year.

    The Board of Directors is pleased to have declared a quarterly eligible dividend of $0.39 per share, an increase of 5%, payable on April 18, 2025, to shareholders of record on April 11, 2025.  

    The Company’s financial results for the past eight quarters are summarized in the following table.

      Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023
                     
                     
    As at ($ in millions)                
    Total client assets $ 168,979   $ 165,061   $ 58,628   $ 61,316   $ 58,774   $ 56,215   $ 56,527   $ 56,326  
                     
    For the three months ended ($ in thousands)            
    Net revenue $ 98,614   $ 98,128   $ 64,164   $ 62,497   $ 62,245   $ 62,611   $ 61,833   $ 54,493  
    Operating earnings   7,385     4,790     14,333     12,318     13,097     18,474     17,038     11,240  
    Net gains (losses)   64,476     39,392     (39,161 )   12,737     60,747     (17,358 )   (3,736 )   18,134  
    Net earnings (losses) from continuing operations   63,231     39,658     (22,730 )   21,441     68,048     (2,270 )   11,532     24,852  
    Net earnings from discontinued operations   —     —     —     —     —     —     —     554,933  
    Net earnings (losses)   63,231     39,658     (22,730 )   21,441     68,048     (2,270 )   11,532     579,785  
    Net earnings (loss) from continuing operations attributable to shareholders   62,849     39,222     (23,137 )   21,167     67,087     (2,506 )   11,145     24,524  
    Net earnings (loss) attributable to shareholders   62,849     39,222     (23,137 )   21,167     67,087     (2,506 )   11,145     487,203  
                     
                     
    Per share amounts (in $)                
    Net earnings (loss) from continuing operations attributable to shareholders    
    Basic $ 2.72   $ 1.69   $ (0.99 ) $ 0.90   $ 2.85   $ (0.11 ) $ 0.47   $ 1.04  
    Diluted   2.58     1.60     (0.99 )   0.86     2.68     (0.11 )   0.45     1.00  
    Net earnings (loss) attributable to shareholders:            
    Basic $ 2.72   $ 1.69   $ (0.99 ) $ 0.90   $ 2.85   $ (0.11 ) $ 0.47   $ 20.27  
    Diluted   2.58     1.60     (0.99 )   0.86     2.68     (0.11 )   0.45     18.79  
                     
    Dividends paid $ 0.37   $ 0.37   $ 0.37   $ 0.34   $ 0.34   $ 0.34   $ 0.34   $ 0.24  
                     
                     
    As at                
    Shareholders’ equity ($ in millions) $ 1,318   $ 1,245   $ 1,223   $ 1,255   $ 1,241   $ 1,201   $ 1,213   $ 1,242  
    Per share amounts (in $)                
    Basic $ 56.54   $ 53.73   $ 52.59   $ 53.69   $ 52.87   $ 50.90   $ 51.11   $ 52.42  
    Diluted   53.76     50.38     49.34     50.30     49.39     47.54     47.63     48.73  
                     
    Total Class A and Common shares outstanding (shares in thousands)   24,647     24,867     24,959     25,136     25,230     25,408     25,609     26,113  
                     

    Guardian Capital Group Limited (Guardian) is a global investment management company servicing institutional, retail and private clients through its subsidiaries. It also manages a proprietary portfolio of securities. Founded in 1962, Guardian’s reputation for steady growth, long-term relationships and its core values of trustworthiness, integrity and stability have been key to its success over six decades. Its Common and Class A shares are listed on the Toronto Stock Exchange as GCG and GCG.A, respectively. To learn more about Guardian, visit www.guardiancapital.com.

    For further information, contact:
       
    Donald Yi
    Chief Financial Officer
    (416) 350-3136    		 George Mavroudis
    President and Chief Executive Officer
    (416) 364-8341
       
    Investor Relations: investorrelations@guardiancapital.com.
       

    Caution Concerning Forward-Looking Information

    Certain information included in this press release constitutes forward-looking information within the meaning of applicable Canadian securities laws. All information other than statements of historical fact may be forward-looking information. Forward-looking information is often, but not always, identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plan”, “continue”, or similar expressions suggesting future outcomes or events or the negative thereof. Forward-looking information in this press release includes, but is not limited to, statements with respect to management’s beliefs, plans, estimates, and intentions, and similar statements concerning anticipated future events, results, circumstances, performance or expectations. Such forward-looking information reflects management’s beliefs and is based on information currently available. All forward-looking information in this press release is qualified by the following cautionary statements.

    Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves known and unknown risks and uncertainties which may cause Guardian’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking information. Important factors that could cause actual results to differ materially include but are not limited to: general economic and market conditions, including interest rates, business competition, changes in government regulations, tax laws or tariffs, the duration and severity of pandemics, natural disasters, military conflicts in various parts of the world, as well as those risk factors discussed or referred to in the risk factors section and the other disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca. The reader is cautioned to consider these factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information, as there can be no assurance that actual results will be consistent with such forward-looking information.

    The forward-looking information included in this press release is made as of the date of this press release and should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.

    (1) Non IFRS Measures
    The Company’s management uses EBITDA, EBITDA attributable to shareholders, including the per share amount, Adjusted cash flows from operations, Adjusted cash flow from operations attributable to shareholders, including the per share amount, Shareholders’ equity per share and Securities per share to evaluate and assess the performance of its business. These measures do not have standardized measures under International Financial Reporting Standards (“IFRS”), and are therefore unlikely to be comparable to similar measures presented by other companies. However, management believes that most shareholders, creditors, other stakeholders and investment analysts prefer to include the use of these measures in analyzing the Company’s results. The Company defines EBITDA as net earnings before interest, income taxes, amortization, and stock-based compensation expenses, net gains or losses and net earnings from discontinued operations. EBITDA attributable shareholders as EBITDA less the amounts attributable to non-controlling interests. The Company defines Adjusted cash flow from operations as net cash from operating activities, net of changes in non-cash working capital items and cash flow from discontinued operations. Adjusted cash flow from operations attributable to shareholders as Adjusted cash flow from operations less the amounts attributable to non-controlling interests. A reconciliation between these measures and the most comparable IFRS measures are as follows:

           
    For the years ended December 31, ($ in thousands)     2024     2023  
           
    Net earnings   $ 101,598   $ 657,095  
    Add (deduct):      
    Net earnings from discontinued operations     —     (554,933 )
    Income tax expense     14,670     15,474  
    Net gains     (77,444 )   (57,787 )
    Stock-based compensation     4,058     3,587  
    Interest expense     10,362     8,296  
    Amortization     17,630     13,692  
    EBITDA     70,874     85,424  
    Less attributable to non-controlling interests in continuing operations     (2,626 )   (3,177 )
    EBITDA attributable to shareholders   $ 68,248   $ 82,247  
           
           
    For the years ended December 31, ($ in thousands)     2024     2023  
           
    Net cash from operating activities   $ 93,261   $ 81,419  
    Add (deduct):      
    Net cash from operating activities, discontinued operations     —     (10,087 )
    Net change in non-cash working capital items     (35,725 )   (8,282 )
    Net change in non-cash working capital items, discontinued operations     —     9,713  
    Adjusted cash flow from operations     57,536     72,763  
    Less attributable to non-controlling interests, continuing operations     (2,652 )   (3,182 )
    Adjusted cash flow from operations attributable to shareholders   $ 54,884   $ 69,581  
           

    The per share amounts for EBITDA attributable to shareholders, Adjusted cash flow from operations attributable to shareholders and Shareholders’ equity are calculated by dividing the amounts by diluted shares, which is calculated in a manner similar to net earnings attributable to shareholders per share.

    Securities, net and Securities, net per share
    Securities, net and Securities, net per share are used by management to indicate the value available to shareholders created by Guardian’s investment in securities, without the netting of debt or deferred income taxes associated with the unrealized gains. The most comparable IFRS measures are “Securities” & “Securities sold short”, which are disclosed in Guardian’s Consolidated Balance Sheet. Securities, net defined as the net sum of Securities and Securities sold short. The per share amount is calculated by dividing the amounts by diluted shares, which is calculated in a manner similar to net earnings attributable to shareholders per share..

    More detailed descriptions of these non-IFRS measures are provided in the Company’s Management’s Discussion and Analysis.

    The MIL Network –

  • MIL-OSI: Petrus Resources Announces Monthly Activity Update

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce the most recent version of the Company’s monthly activity update can be found on the Company’s website at https://www.petrusresources.com/monthlyupdates.

    ABOUT PETRUS
    Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.

    FOR FURTHER INFORMATION PLEASE CONTACT:
    Ken Gray
    President and Chief Executive Officer
    T: 403-930-0889
    E: kgray@petrusresources.com

    The MIL Network –

  • MIL-OSI: ECN Capital Reports US$0.02 in Adjusted Net Income per Common Share in Q4-2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the fourth quarter and the year ended December 31, 2024.

    For the three-month period ended December 31, 2024, ECN Capital reported Adjusted net income (loss) applicable to common shareholders of $4.4 million or $0.02 per share (basic) versus $13.1 million or $0.05 per share (basic) for the previous three-month period and ($13.5) million or ($.05) per share (basic) for the prior year comparable period.

    “Our Q4 results, while impacted by severe weather disruptions, further underline that 2024 marked the completion of our turnaround and we are well positioned and confident in our businesses going ahead,” said Steven Hudson, CEO of ECN Capital Corp. “Adjusted net income per share to common shareholders of $0.02 in the quarter was vastly improved from prior year period loss of ($0.05). Our management teams have led this significant pivot by enhancing operations, profitability and performance. We believe that Manufactured Housing remains a primary solution to the affordable housing crisis, while our RV and Marine businesses continue to effectively capture market share.”

    Originations for the three-month period ended December 31, 2024 were $547.6 million, versus $625.7 million in the previous three-month period and $503.1 million for the prior year comparable period. Originations for the three-month period ended December 31, 2024 include $348.5 million of originations from our Manufactured Housing Finance segment and $199.1 million of originations from our Recreational Vehicle and Marine Finance segment.

    Managed Assets as at December 31, 2024 were $6.9 billion versus $6.7 billion as at September 30, 2024 and $4.9 billion as at December 31, 2023.

    Adjusted EBITDA for the three-month period ended December 31, 2024 was $24.1 million versus $36.1 million for the previous three-month period and $5.5 million for the prior year comparable period.

    Operating Expenses for the three-month period ended December 31, 2024 were $31.1 million versus $30.3 million for the previous three-month period and $34.7 million for the prior year comparable period.

    Net (Loss) Income attributable to common shareholders for the three-month period ended December 31, 2024 was ($3.9) million versus $6.8 million for the previous three-month period and ($56.0) million for the prior year comparable period.

    Dividends Declared

    The Company’s Board of Directors has authorized and declared a quarterly dividend of C$0.01 per outstanding common share to be paid on March 31, 2025 to shareholders of record at the close of business on March 20, 2025. These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).

    The Company’s Board of Directors has authorized and declared a quarterly dividend of C$0.4960625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX: ECN.PR.C) to be paid on March 31, 2025 to shareholders of record on the close of business on March 20, 2025. These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).

    Webcast

    The Company will host an analyst briefing to discuss these results commencing at 5:30 PM (ET) on Thursday, February 27, 2025. The call can be accessed as follows:

    A telephone replay of the conference call may also be accessed until March 27, 2025, by dialing 1-800-645-7964 and entering the passcode 5036#.

    Non-IFRS Measures

    The Company’s annual audited consolidated financial statements as at and for the year ended December 31, 2024, have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board and the accounting policies we adopted in accordance with IFRS.

    The Company believes that certain Non-IFRS Measures can be useful to investors because they provide a means by which investors can evaluate the Company’s underlying key drivers and operating performance of the business, exclusive of certain adjustments and activities that investors may consider to be unrelated to the underlying economic performance of the business of a given period. Throughout this news release, management uses a number of terms and ratios which do not have a standardized meaning under IFRS and are unlikely to be comparable to similar measures presented by other organizations, including adjusted EBITDA, adjusted net income, adjusted net income per common share and managed assets. A full description of these measures, along with a reconciliation to the most directly comparable IFRS measure, where applicable, can be found in the Management Discussion & Analysis (“MD&A”) that accompanies ECN Capital’s annual audited consolidated financial statements for the year ended December 31, 2024.

    ECN Capital’s MD&A for the year ended December 31, 2024 has been filed on SEDAR+ (www.sedarplus.com) and is available under the investor section of the Company’s website (www.ecncapitalcorp.com).

    About ECN Capital Corp.

    With managed assets of US$6.9 billion, ECN Capital Corp. (TSX: ECN) is a leading provider of business services to North American-based banks, institutional investors, insurance company, pension plan, bank and credit union partners (collectively, its “Partners”). ECN Capital originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (floorplan and rental) loans. Its Partners are seeking high-quality assets to match with their deposits, term insurance or other liabilities. These services are offered through two operating segments: (i) Manufactured Housing Finance, and (ii) Recreational Vehicle and Marine Finance.

    Contact

    Katherine Moradiellos
    561-631-8739
    kmoradiellos@ecncapitalcorp.com

    Forward-looking Statements

    This news release includes forward-looking statements regarding ECN Capital and its business. Such statements are based on the current expectations and views of future events of ECN Capital’s management. In some cases the forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe” or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Forward-looking statements in this news release include those relating to the future financial and operating performance of ECN Capital, the strategic advantages, business plans and future opportunities of ECN Capital and the ability of ECN Capital to access adequate funding sources, identify and execute on acquisition opportunities and transition to an asset management business. The forward-looking events and circumstances discussed in this news release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting ECN Capital, including risks regarding the finance industry, economic factors, and many other factors beyond the control of ECN Capital. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. A discussion of the material risks and assumptions associated with this outlook can be found in ECN Capital’s MD&A for the year ended December 31, 2024 and ECN Capital’s 2024 Annual Information Form dated February 27, 2025 for the year ended December 31, 2024 which have been filed on SEDAR+ and can be accessed at www.sedarplus.com. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and ECN Capital does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

    The MIL Network –

  • MIL-OSI USA: Cantwell, Democrats Vote NO on Advancing Deputy DOT Nominee Bradbury: “It Simply Does Not Matter If You’re Saving Dollars, If You’re Not Saving Lives”

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    02.27.25

    Cantwell, Democrats Vote NO on Advancing Deputy DOT Nominee Bradbury: “It Simply Does Not Matter If You’re Saving Dollars, If You’re Not Saving Lives”

    As DOT General Counsel from 2017-2021, Bradbury helped sideline a crucial safety regulation for plane manufacturers in immediate aftermath of fatal crashes

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation, and senior member of the Senate Finance Committee, led committee Democrats in voting against advancing Steven Bradbury – President Donald Trump’s pick to serve as Deputy Secretary of the U.S. Department of Transportation – to the full Senate for a confirmation vote.

    From 2017 to 2021, Bradbury served as the General Counsel of DOT. Under his leadership, Sen. Cantwell said, the DOT rolled back multiple “common sense requirements.”

    “It simply does not matter if you’re saving dollars, if you’re not saving lives. The last thing we need is someone who won’t stand up to the industry or [for] aviation safety needs,” Sen. Cantwell said. “Fatigue prevention requirements for truck drivers were loosened. A record number of rail safety requirements were waived. And most troubling, a proposed rule on Safety Management System for aviation manufacturers such as Boeing was sidelined.”

    The Committee on Commerce, Science, and Transportation ultimately voted 15-13 to advance Bradbury’s nomination to the full Senate. In spite of Bradbury’s record of rolling back and blocking safety regulations during the first Trump administration, all Republicans voted to advance his nomination.

    Last week, during a committee hearing, Sen. Cantwell pressed Bradbury on his decision to sideline a proposed requirement that plane manufacturers must adopt a mandatory Safety Management System (SMS), which an expert panel determined would decrease the likelihood of another fatal accident. His decision came just nine days after the fatal Lion Air flight 610 crash in 2018 on a Boeing 737 MAX, which killed 189 people, and halted the introduction of a critical aviation safety rule advocated for by crash victim family members.

    Sen. Cantwell asked him at the hearing: “We know that the rule was halted nine days after the MAX crash. Why did you stop the rulemaking from happening?”

    Bradbury: “Well, I don’t know that I stopped it.”

    Sen. Cantwell: “That’s what’s reported in the paper, and I mentioned the FAA person, who was in charge of the process, who said the industry and everybody wanted to move forward, and it was submitted, and then next thing you know, it’s pulled, so…”

    Bradbury: “Well, certainly we go through a review of every regulation, and as I recall, in that regulation, there were questions on the merits about which entities it should apply to and how it might apply to small businesses or small entities. Those are the kinds of questions that need to be addressed whenever you’re –“

    Sen. Cantwell: “So you’re saying you might have killed the SMS rule because you didn’t want it to apply to all manufacturers.”

    Bradbury: “I wouldn’t say I killed the SMS rule. And let me say –”

    Sen Cantwell: “We still don’t have one. Our committee has worked hard to get one, and now it’s going to be in law. But I have more questions about this. But yes, you did stop it from happening. There was a recommendation to move forward on it, and your office stopped it.”

    Earlier this month, Sen. Cantwell also sent a letter to Secretary of Transportation Sean Duffy calling on him to ensure that Elon Musk stays out of the Federal Aviation Administration (FAA), citing Musk’s clear conflicts of interest.

    In August, Sen. Cantwell introduced the FAA SMS Compliance Review Act. The bill directs the Federal Aviation Administration (FAA) to:

    • Convene an independent review panel that will make recommendations to help the FAA implement a robust, comprehensive Safety Management System across all lines of business at the agency, which includes Aviation Safety, Air Traffic Organization, Airports, Security & Hazardous Materials Safety, and the Office of Commercial Space Transportation.
    • Develop and implement effective processes for performing root cause analyses to identify opportunities for improvement in the FAA’s execution of its regulatory oversight responsibilities.
    • Revise its procedures to shorten the time that manufacturers have to prepare for audits from 50 days to one week. 

    Following the Alaska Airlines flight 1282 incident in January 2024, Sen. Cantwell has held a series of aviation safety hearings, along with leading legislation and letters calling for stronger safety oversight at the FAA.

    In January 2023 and January 2024, Sen. Cantwell requested that FAA perform a special technical audit of Boeing’s production line. The FAA later said the audit found multiple instances where Boeing and Spirit AeroSystems failed to comply with manufacturing quality control requirements.

    Sen. Cantwell held an April hearing to review the independent Organization Designation Authorization (ODA) Expert Review Panel’s final report, a March 2024 hearing with National Transportation Safety Board (NTSB) Chair Jennifer Homendy on its investigation of the January incident and a June hearing with FAA Administrator Michael Whitaker on the agency’s oversight.

    In May, Sen. Cantwell and Sen. Duckworth led the passage of the FAA Reauthorization Act of 2024, which includes new measures to improve aviation safety, such as putting more safety inspectors on factory floors, addressing the nation’s shortage of air traffic controllers, deploying new runway technology to prevent close calls, mandating new 25-hour cockpit recording systems to assist in investigations, and enhancing aircraft certification reforms.

    The FAA Reauthorization Act builds upon the Aircraft Certification, Safety and Accountability Act of 2020, spearheaded by Sen. Cantwell in the aftermath of the Boeing 737 Max crashes in 2018 and 2019.

    Video of Sen. Cantwell’s remarks today is HERE; a transcript is HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Boozman, Kennedy Champion Legislation to Protect Investor Privacy

    US Senate News:

    Source: United States Senator for Arkansas – John Boozman

    WASHINGTON––U.S. Senator John Boozman (R-AR) joined Senator John Kennedy (R-LA) to introduce the Protecting Investors’ Personally Identifiable Information Act which would prohibit the Securities and Exchange Commission (SEC) from requiring brokers to submit investors’ personally identifiable information to its data tracking system, the Consolidated Audit Trail (CAT), in the wake of recent cyber-attacks and ongoing vulnerabilities. 

    “Investors rely on the SEC to safeguard sensitive financial information. Requiring brokers to submit investors’ private, identifiable information, including social security numbers, into a central database will invite even more attempts to compromise Americans’ data privacy. I am pleased to join my colleagues to reject this ill-advised scheme and protect personal information,” said Boozman. 

    “Americans assume their private information is secure when they invest money in the U.S. stock market. However, the SEC’s unlawful Consolidated Audit Trail could put their data in jeopardy. My bill would protect American investors from foreign enemies and bad actors by preventing the SEC from collecting personal information it doesn’t need and storing it on a dangerous database,” said Kennedy.

    The Protecting Investors’ Personally Identifiable Information Act would:

    • Prohibit the SEC from requiring brokers to submit investors’ personally identifiable information to the CAT, with the exception that the SEC can obtain personally identifiable information related to investors only by requesting it on a case-by-case; and
    • Require the SEC to delete personally identifiable information once the agency resolves any investigation or issue that required that information.

    The legislation is also cosponsored by Senators Katie Britt (R-AL), Tom Cotton (R-AR), Steve Daines (R-MT), Jerry Moran (R-KS), Pete Ricketts (R-NE), Mike Lee (R-UT), Rick Scott (R-FL), Bill Hagerty (R-TN), Tommy Tuberville (R-AL) and Mike Rounds (R-SD).

    Companion legislation was introduced in the U.S. House of Representatives by Congressman Barry Loudermilk (R-GA-11).

    The Protecting Investors’ Personally Identifiable Information Act is supported by the American Securities Association.

    “The SEC can conduct responsible oversight of our equity markets without collecting the most sensitive personal information of working families, retirees, and savers,” said American Securities Association CEO Chris Iacovella.

    Click here for full text of the legislation.

    MIL OSI USA News –

  • MIL-OSI: Exabits & GAIB Partner to Tokenize GPU Compute Power and Their Yields, Unlocking a New Era for AI and Cloud Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Exabits, the baselayer for AI compute for enterprises and a supplier to decentralized cloud compute companies and GAIB, the first economic layer for AI and compute financialization, creating a new type of yield bearing assets backed by real AI demands, today announced a strategic partnership to revolutionize how GPU infrastructure is acquired, scaled, and monetized. By combining Exabits’ high-performance AI compute technology with GAIB’s tokenized GPU investment platform, this partnership will unlock new capital flows, expand GPU accessibility, and provide investors with a direct stake in the growing AI compute economy.

    The collaboration addresses a critical challenge in AI and cloud computing—the high cost and limited access to high-performance GPUs. With demand for AI compute skyrocketing, Exabits and GAIB are introducing a scalable investment model that allows institutions, enterprises, and investors to participate in the growth of AI compute infrastructure through tokenized GPU assets.

    Transforming GPU Compute into a High-Value Investment Asset

    GPUs are the core infrastructure powering AI, machine learning, and high-performance computing, yet access remains concentrated among a few large cloud providers. The Exabits-GAIB partnership introduces a new financial model that enables:

    • Ownership of Tokenized GPUs and Their Yields: Investors gain fractional ownership and earn returns tied to real-world GPU utilization,
    • Cloud Compute Expansion: Exabits will scale its AI-ready GPU infrastructure, supplying more compute power to enterprises, DeSci, gaming, and AI-driven industries.
    • New Liquidity Channels: GAIB’s tokenization model and DeFi-based financial instruments enable Exabits to scale more efficiently without relying solely on traditional capital-raising methods.

    “The AI industry is experiencing an unprecedented demand for compute power, but access remains costly and centralized,” said [Exabits Executive Name], [Title] of Exabits. “By tokenizing GPU assets with GAIB, we’re introducing a new investment model that allows institutional and retail investors to participate in AI’s explosive growth while expanding our infrastructure to meet market needs.”

    “GAIB is building the AiFi economy, which signifies a paradigm shift in how we perceive and utilize computational resources, particularly in the context of artificial intelligence and machine learning., and this partnership with Exabits provides additional support for our vision,” said Kony, CEO of GAIB. “We’re making GPU investments more accessible, liquid, and scalable—bridging the gap between capital markets and the AI revolution.”

    How the Partnership Works

    GPU and Their Yield Tokenization: Transforming Compute Assets into Tradable Financial Products

    Exabits will acquire GPUs through GAIB’s tokenization platform, enabling investors to own a stake in real-world AI compute infrastructure.

    • Exabits’ Role: Identify GPUs for tokenization, ensure transparent asset registration, and deploy them into enterprise-ready cloud compute networks.
    • GAIB’s Role: Develop tokenization protocols, create GPU-based investment products, and manage regulatory compliance.

    Unlocking New Investment Opportunities in AI Compute

    The partnership will provide global investors with direct access to GPU-powered cloud infrastructure through structured financial products.

    • Exabits: Establishes hardware procurement needs, enables fractional GPU ownership and integrates with GAIB’s capital injection models.
    • GAIB: Provides a transparent investment ledger,implements a yield-bearing mechanism that allows investors to earn passive income simply by holding the asset and ensures regulatory compliance.

    Liquidity & Scaling: Expanding AI Infrastructure Without Traditional Funding Barriers

    By leveraging GAIB’s financial instruments, Exabits can scale its GPU infrastructure faster, reducing dependence on traditional VC or debt financing.

    • Exabits: Provides real-time GPU utilization and ROI insights, ensuring investors benefit from tokenized GPU revenues.
    • GAIB: Facilitates buying, selling, and staking of GPU-backed tokens, creating a liquid investment market for AI compute assets.

    Enterprise-Grade Cloud Infrastructure for AI Innovation

    Exabits’ cloud platform will power GAIB’s compute offerings, allowing enterprises to access AI-ready infrastructure at scale.

    Why This Matters: The Future of AI Compute is an Investable Asset

    This partnership is a breakthrough for AI, institutional investors, and the compute economy:
     ✔ For Investors: A new way to earn yield from real, high-demand AI compute assets.
     ✔ For Enterprises: Scalable, high-performance AI infrastructure without pure reliance on traditional cloud providers.
     ✔ For the AI Industry: A more efficient, market-driven model for GPU access and scaling.

    Join the AI Compute Revolution

    The Exabits-GAIB partnership is setting a new precedent for how AI infrastructure is funded, scaled, and monetized. As demand for AI compute accelerates, this collaboration will ensure that GPU access is no longer a bottleneck but an investment opportunity for enterprises, investors, and the broader AI ecosystem.

    For more information on how to participate, visit: www.exabits.xyz or https://www.gaib.ai/

    About Exabits

    Exabits is the baselayer for AI compute, providing high-performance cloud infrastructure to enterprises, researchers, and developers. Through proprietary technology and GPU tokenization, Exabits is redefining the future of AI, DeSci, and machine learning compute.

    About GAIB

    GAIB is the first economic layer for AI compute, creating a new type of yield bearing assets backed by real AI demands. It tokenizes enterprise-grade GPUs and their yields, creating a decentralized liquid market for GPU financing, addressing the growing demand for high-performance computing while giving investors direct exposure to GPU assets. The platform enables a variety of DeFi use cases to be on top, including GPU backed stablecoins, lending and borrowing, options and futures, and various structured products.

    Contact:
    Exabits
    contact@exabits.ai

    GAIB
    contact@gaib.ai

    Press Contact: Ari
    ari@reblonde.com

    Disclaimer: This press release is provided by Exabits. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f81fcd8-1245-4780-8a6a-95c66990227a

    The MIL Network –

  • MIL-OSI: Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    ALEXANDRIA, La., Feb. 27, 2025 (GLOBE NEWSWIRE) — Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on February 27, 2025, its board of directors declared a cash dividend of $0.12 per share of common stock, representing a 3 cent, or 33%, increase from the quarterly cash dividend of $0.09 per share declared on October 24, 2024. The cash dividend is payable on March 20, 2025, to shareholders of record as of the close of business on March 10, 2025. Blake Chatelain, President and Chief Executive Officer of the Company, stated, “We are pleased to increase our dividend this quarter. The Board’s decision to increase our dividend demonstrates our continued focus on returning capital to shareholders, while maintaining our commitment to strong capital ratios.”

    About Red River Bancshares, Inc.
    The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of our commercial and retail customers. Red River Bank operates from a network of 28 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area (“MSA”); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; Acadiana, which includes the Lafayette MSA; and New Orleans.

    Contact:
    Julia E. Callis
    Senior Vice President, General Counsel & Corporate Secretary
    318-561-4042
    julia.callis@redriverbank.net 

    The MIL Network –

  • MIL-OSI USA: Budd, Scott, Kelly Introduce Strategic Ports Reporting Act

    US Senate News:

    Source: United States Senator Ted Budd (R-North Carolina)

    Washington, D.C. — Today, Senators Ted Budd (R-NC), Rick Scott (R-FL), and Mark Kelly (D-AZ) introduced the Strategic Ports Reporting Act, which requires the Secretary of State and the Secretary of Defense to monitor efforts by the People’s Republic of China (PRC) to build, buy, or own strategic ports around the world.

    Specifically, this bill requires the development of a map of foreign and domestic ports of importance to the United States for military, diplomatic, economic, or resource exploration purposes and to identify efforts by the PRC to build, buy, or otherwise control such ports.

    This bill would also require the Secretary of State and Secretary of Defense to conduct a study on activities and plans of the PRC as it relates to strategic ports to include an assessment of vulnerabilities of ports operated and controlled by the United States and a strategy to secure trusted investment and ownership of strategic ports.

    The House companion bill is led by Representatives Bill Huizenga (R-MI), Rob Wittman (R-VA), Jake Auchincloss (D-MA), and Johnny Olszewski (D-MD).

    Senator Budd said in a statement:

    “In January, the Senate Commerce Committee held a hearing on PRC influence on the Panama Canal and potential impacts to U.S. national security. This hearing highlighted China’s increasing malign activities around the world and efforts to control global trade. The United States must face this reality head on, and the first step is comprehensive monitoring of PRC activities at domestic and foreign ports that threaten our national interest.”

    Senator Scott said:

    “The Chinese Communist Party’s increasing influence over global trade routes and strategic infrastructure poses a direct threat to the United States’ national security and economic stability. From the Panama Canal to ports across the world, Communist China is working to grow its economic and military presence to threaten and undermine American interests. The United States must respond decisively and accordingly to eliminate any influence or access Communist China has to the critical infrastructure of the U.S. and its allies that may be used against us. The Strategic Ports Reporting Act is a crucial step to safeguarding critical ports and securing our supply chains, and protecting our national security.”

    Senator Kelly said:

    “China’s growing influence over the oceans can have serious consequences for our national security and economy. That’s why we need the State and Defense Departments to protect our strategic ports from China’s interference. This bipartisan bill will strengthen our global maritime leadership.”   

    Congressman Huizenga said:

    “The Chinese Communist Party continues to advance economic and military objectives that undermine the security of the United States. The expansionist policies and strategic investments being pursued by the Chinese Communist Party near the Panama Canal, across the Western Hemisphere, and around the globe are challenges that Republicans and Democrats must confront together in order to put American interests first. The Strategic Ports Reporting Act creates a bipartisan opportunity to not only evaluate these growing concerns but counter them as well.”

    Congressman Wittman said:

    “China’s Belt and Road Initiative is spreading Chinese money and influence around the world, while degrading our ability to operate in strategic ports necessary for commercial and military purposes. It is crucial for the Departments of State and Defense to identify ways in which the Chinese Communist Party is expanding its maritime reach while providing recommendations for how the United States can counter those efforts and secure access to essential ports and infrastructure. I’m proud to join my colleagues in this bipartisan effort and look forward to championing it over the finish line.”

    Congressman Auchincloss said:

    “Control over ports is a pathway to global power. For millennia, these linchpins of trade and military might have been vital strategic assets. The United States must not allow China the upper hand.”

    Congressman Olszewski said:

    “China’s growing control over global ports threatens our national security and economic stability here at home. The Strategic Ports Reporting Act will ensure the U.S. has the necessary tools to monitor and counter this Chinese influence, protecting supply chains and our global standing. I’m proud to join Congressman Huizenga in co-leading this bipartisan effort to safeguard our ports and boost our economy.”

    MIL OSI USA News –

  • MIL-OSI USA: Staff Statement on Meme Coins

    Source: Securities and Exchange Commission

    As part of an effort to provide greater clarity on the application of the federal securities laws to crypto assets, the Division of Corporation Finance is providing its views[1] on “meme coins.” A “meme coin” is a type of crypto asset[2] inspired by internet memes, characters, current events, or trends for which the promoter seeks to attract an enthusiastic online community to purchase the meme coin and engage in its trading. Although individual meme coins may have unique features, meme coins typically share certain characteristics. Meme coins typically are purchased for entertainment, social interaction, and cultural purposes, and their value is driven primarily by market demand and speculation. In this regard, meme coins are akin to collectibles. Meme coins also typically have limited or no use or functionality. Given the speculative nature of meme coins, they tend to experience significant market price volatility, and often are accompanied by statements regarding their risks and lack of utility, other than for entertainment or other non-functional purposes.[3]

    It is the Division’s view that transactions in the types of meme coins described in this statement, do not involve the offer and sale of securities under the federal securities laws.[4] As such, persons who participate in the offer and sale of meme coins do not need to register their transactions with the Commission under the Securities Act of 1933 (“Securities Act”) or fall within one of the Securities Act’s exemptions from registration. Accordingly, neither meme coin purchasers nor holders are protected by the federal securities laws.

    Section 2(a)(1) of the Securities Act and Section 3(a)(10) of the Securities Exchange Act of 1934 each defines the term “security” by providing a list of various financial instruments, including “stock,” “note,” and “bond.” A meme coin does not constitute any of the common financial instruments specifically enumerated in the definition of “security” because, among other things, it does not generate a yield or convey rights to future income, profits, or assets of a business. In other words, a meme coin is not itself a security. The aforementioned statutory sections also provide that “investment contracts” are securities. Given that a meme coin is not itself a security, we conduct our analysis of whether a meme coin may be offered and sold as part of an investment contract under the “investment contract” test set forth in SEC v. W.J. Howey Co.[5] The Howey test analyzes whether certain arrangements or instruments are investment contracts based on their “economic realities.”[6]

    In evaluating the economic realities of a transaction, the Howey test considers whether there is an investment in an enterprise premised on a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others.[7] Federal courts since Howey have explained that Howey’s “efforts of others” requirement is satisfied when “the efforts made by those other than the investor are the undeniably significant ones, those essential managerial efforts which affect the failure or success of the enterprise.”[8]

    The offer and sale of meme coins does not involve an investment in an enterprise nor is it undertaken with a reasonable expectation of profits to be derived from the entrepreneurial or managerial efforts of others. First, meme coin purchasers are not making an investment in an enterprise. That is, their funds are not pooled together to be deployed by promoters or other third parties for developing the coin or a related enterprise. Second, any expectation of profits that meme coin purchasers have is not derived from the efforts of others. That is, the value of meme coins is derived from speculative trading and the collective sentiment of the market, like a collectible. Moreover, the promoters of meme coins are not undertaking (or indicating an intention to undertake) managerial and entrepreneurial efforts from which purchasers could reasonably expect profit.[9]

    Notwithstanding the foregoing, this statement does not extend to the offer and sale of meme coins that are inconsistent with the descriptions set forth above, or products that are labeled “meme coins” in an effort to evade the application of the federal securities laws by disguising a product that otherwise would constitute a security.  As noted above, the Division will evaluate the economic realities of the particular transaction.

    Further, although the offer and sale of meme coins may not be subject to the federal securities laws, fraudulent conduct related to the offer and sale of meme coins may be subject to enforcement action or prosecution by other federal or state agencies under other federal and state laws.

    For further information, please contact the Division’s Office of Chief Counsel by submitting a web-based request form at https://www.sec.gov/forms/corp_fin_interpretive.

    [1]   This statement represents the views of the staff of the Division of Corporation Finance (the “Division”). The statement is not a rule, regulation, guidance, or statement of the U.S. Securities and Exchange Commission (“Commission”), and the Commission has neither approved nor disapproved its content. This statement, like all staff statements, has no legal force or effect: it does not alter or amend applicable law, and it creates no new or additional obligations for any person.

    [2]   For purposes of this statement, a “crypto asset” is an asset that is issued and/or transferred using distributed ledger or blockchain technology, including, but not limited to, so-called “virtual currencies,” “coins,” and “tokens,” and that relies on cryptographic protocols.

    [3]   Typical statements include the following: (i) purchasers should not expect to profit or generate a return through receipt or ownership of the coins; (ii) no one intends to exert any efforts or provide any assistance in bringing about a profit or return for holders of the coins; (iii) the coins have no use or functionality; (iv) purchasers may lose all of the money used to purchase the coins; and (v) the coins are intended for entertainment purposes only.

    [4]   The Division’s view is not dispositive of whether a specific meme coin itself is a security or whether it is offered and sold as part of an investment contract, which is a security. A definitive determination requires analyzing the specific facts relating to the meme coin and the manner in which it is offered and sold.

    [5]   328 U.S. 293 (1946) (“Howey”).

    [6]   See Landreth Timber Co. v. Landreth, 471 U.S. 681, 689 (1985), in which the U.S. Supreme Court suggested that the proper test for determining whether a particular instrument that is not clearly within the definition of “stock” as set forth in Section 2(a)(1) of the Securities Act, or that otherwise is of an unusual nature, is the economic realities test set forth in Howey. In analyzing whether an instrument is a security, “form should be disregarded for substance,” Tcherepnin v. Knight, 389 U.S. 332, 336 (1967), “and the emphasis should be on economic realities underlying a transaction, and not on the name appended thereto.” United Housing Found., Inc. v. Forman, 421 U.S. 837, 849 (1975).

    [7]   Forman, 421 U.S. at 852.

    [8]   See, e.g., SEC v. v. Glenn W. Turner Enterprises, Inc., 474 F.2d 476, 482 (9th Cir. 1973).

    [9] For example, if the promoters’ efforts are limited primarily to hyping the meme coin on social media and online forums and getting the coin listed on crypto trading platforms, then there are not likely to be sufficient indicia to establish that purchasers had a reasonable expectation of profits based on the efforts of the promoters. 

    MIL OSI USA News –

  • MIL-OSI Australia: Building Australia’s future on the Central Coast

    Source: Australian Ministers for Regional Development

    The Australian Government is building Australia’s future on the New South Wales Central Coast by delivering $15 million over two years to plan for better and safer road connections in Empire Bay.

    The Empire Bay Drive Intersection Strategy – Planning project will deliver a strategy to upgrade intersections servicing Empire Bay and surrounding communities.

    This will include consideration of the intersection of Empire Bay Drive and Wards Hill Road.

    The Empire Bay Drive and Wards Hill Road intersection is used by thousands of motorists each day and is an important transport connection to Empire Bay Public School, as well as access to the Bouddi National Park.

    These vital planning works will have a road safety focus and deliver a business case for future upgrades. 

    The Australian Government is investing $21 billion towards transport infrastructure projects in NSW.

    For more information on projects funded under the Australian Government’s Infrastructure Investment Program, visit https://investment.infrastructure.gov.au.

    Quotes attributable to Treasurer Jim Chalmers: 

    “This important investment in local roads will help people get home sooner and safer.

    “It’s all about making our roads safer and our communities more accessible.

    “The Central Coast makes a big contribution to our country and this project will boost both the local community and our national economy.”

    Quotes attributable to Federal Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:

    “We want to ensure that both locals and tourists on the Central Coast can get where they need go efficiently and safely.   

    “These planning works will be the first critical step in guiding our future investments in Empire Bay Drive and the surrounding intersections.”

    Quotes attributable to Federal Member for Robertson Gordon Reid:

    “These crucial planning works will support decision making on future priority upgrades to improve the safety and connectivity of key roads and intersections in Empire Bay and surrounding communities.

    This funding from the Australian Government would not have been possible without the support of almost a thousand local residents who signed our petition to get this intersection fixed.

    Thank you to the local community as well as local businesses who ensured this petition was a success.”

    MIL OSI News –

  • MIL-OSI: Capital City Bank Group, Inc. Increases Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    TALLAHASSEE, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) declared a quarterly cash dividend on its common stock of $0.24 per share. It represents a 4.35% increase over the prior quarter dividend of $0.23 per share. The dividend produces an annualized rate of $0.96 per common share and is payable on March 24, 2025 to shareowners of record as of March 10, 2025. The annualized dividend yield is 2.63% based on a closing stock price of $36.44 on February 26, 2025.

    About Capital City Bank Group, Inc.
    Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.3 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 63 banking offices and 104 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., visit www.ccbg.com.

    For Information Contact:
    Jep Larkin
    Executive Vice President and Chief Financial Officer
    850.402.8450

    The MIL Network –

  • MIL-OSI Economics: New models, customization and agent upgrades in Azure AI Foundry 

    Source: Microsoft

    Headline: New models, customization and agent upgrades in Azure AI Foundry 

    We are excited to announce major updates to Azure AI Foundry, our integrated platform for designing, customizing, and managing enterprise-grade AI applications.

    At Microsoft, we are dedicated to advancing AI innovation to empower organizations, transform industries, and redefine productivity. Today, we are excited to announce major updates to Azure AI Foundry, our integrated platform for designing, customizing, and managing enterprise-grade AI applications. These updates include groundbreaking new models like OpenAI’s GPT-4.5, enhanced fine-tuning and distillation techniques, and the launch of new enterprise tools for agents. These advancements are designed to accelerate the journey from AI experimentation to tangible business impact.

    Build with Azure AI Foundry

    Introducing GPT-4.5 in preview on Azure OpenAI Service 

    Building on the success of previous models, GPT-4.5 is the latest and strongest general-purpose model. This research preview demonstrates the achievements from scaling pre and post-training, a step forward in unsupervised learning techniques.

    • Natural interaction: GPT-4.5 offers a more natural interaction experience. It has a broader knowledge base, and its higher “EQ” can help to improve coding, writing, and problem-solving tasks. 
    • Accuracy and hallucinations: With a lower hallucination rate (37.1% vs. 61.8%) and higher accuracy (62.5% vs. 38.2%) compared to GPT-4o, developers can rely on more precise and relevant responses.
    • Stronger human alignment: Enhanced alignment techniques improve GPT-4.5’s ability to follow instructions, understand nuances, and engage in natural conversations, making it a more effective tool for coding and project management. 

     Developers can leverage GPT-4.5 in numerous ways to enhance productivity and creativity. In communication, users can rely on GPT-4.5 to craft clear and effective emails, messages, and documentation. It also offers personalized learning and coaching experiences, helping users to acquire new skills or deepen knowledge in specific areas. During brainstorming sessions, GPT-4.5 can generate innovative ideas and solutions, making it a valuable tool for creative thinking. 

    For project planning and execution, GPT-4.5 assists users in organizing their tasks, ensuring thorough and efficient approaches. It can also handle complex task automation, simplifying intricate processes and workflows. Developers can streamline their coding workflows by getting step-by-step guidance and automating repetitive tasks, to save time and reduce errors. Overall, GPT-4.5 is a versatile model. Starting today, enterprise customers can access GPT-4.5 in Azure AI Foundry.

    New models: Phi-4, Stability AI, and recent releases 

    The latest wave of AI models shares a common focus: delivering specialized capabilities with greater efficiency. These releases represent a shift toward purpose-built AI that excels in specific domains while requiring fewer computational resources. Here are some standout launches on Azure AI Foundry. 

    Microsoft’s Phi models continue to push the boundaries of what’s possible with smaller, more efficient architectures: 

    • Phi-4-multimodal unifies text, speech, and vision for context-aware interactions. Retail kiosks can now diagnose product issues via camera and voice inputs, eliminating the need for complex manual descriptions. 
    • Phi-4-mini It outperforms larger models on coding and math tasks while increasing inference speed by 30% compared to previous models. 
    Experiment with Phi for free

    Stability AI continues to advance generative imaging with models that accelerate creative workflows: 

    • Stable Diffusion 3.5 Large generates high-fidelity marketing assets faster than previous versions, maintaining brand consistency across diverse visual styles. 
    • Stable Image Ultra achieves photorealism for product imagery, reducing photoshoot costs through accurate material rendering and color fidelity. 
    • Stable Image Core an enhanced version of SDXL (text-to-image generative AI model developed by Stability AI), provides high-quality output with exceptional speed and efficiency. 

    Cohere enhances information retrieval capabilities with its latest ranking technology: 

    • Cohere ReRank v3.5 delivers more accurate search results through its 4,096-token context window and support for over 100 languages, surfacing relevant content even without exact keyword matches. 

    The GPT-4o family expands with two specialized variants: 

    • GPT-4o-Audio-Preview handles audio prompts and generates spoken responses with appropriate emotion and emphasis, which is ideal for digital assistants and customer service. 
    • GPT-4o-Realtime-Preview eliminates conversation lag with breakthrough latency reduction, creating genuinely human-like interaction flows. 

    Agora, a pioneer in enabling real-time engagement, notes:

    GPT-4o-Realtime has revolutionized voice interaction for our conversational AI product, empowering developers with multilingual human-like voices, stable streaming, and ultra-low latency across customer service, telemedicine, and education.

    These advances collectively signal AI’s evolution toward more natural, responsive, and efficient interactions across diverse use cases and deployment environments. 

    As our model library surpasses 1,800 offerings, we continue to push the boundaries of experimentation and observability. Our new suite of fine-tuning tools complements the rise of unsupervised learning techniques.  

    • Reinforcement fine-tuning: Now in private preview, this technique teaches models to reason in new ways by rewarding correct logical paths and penalizing incorrect reasoning.
    • Provisioned Deployment for fine-tuning: Azure OpenAI Service now offers Provisioned Deployments for fine-tuned models, ensuring predictable performance and costs through Provisioned Throughput Units (PTUs) in addition to token-based billing.
    • Fine-tuning for Mistral Models: Exclusive to Azure AI Foundry, Mistral Large 2411 and Ministral 3B now support fine-tuning for industry-specific tasks like healthcare document redaction. 
    Build custom generative AI solutions with Azure OpenAI

    Secure automation and scale for enterprise agents 

    In today’s enterprise landscape, security, and scalability are strategic imperatives. We’re introducing two powerful features designed to help you securely harness AI for mission-critical tasks: 

    • Bring your Vnet: Azure AI Agent Service now enables all AI agent interactions, data processing, and API calls to remain securely within your organization’s own virtual network, eliminating exposure to the public internet. Early adopters like Fujitsu are leveraging this capability to improve sales by 67% with their sales proposal creation agent, saving countless hours that can be redirected toward customer engagement and strategic planning, all while maintaining data integrity. 

    To learn more about building multi-agent applications with Azure AI Foundry, check out this informative webinar. 

    Create your AI solution with Azure AI Foundry 

    We are excited about these new developments and look forward to seeing how you will leverage these powerful tools and features to drive innovation. Get going with new models and tools in Azure AI Foundry.

    MIL OSI Economics –